The cryptocurrency market has remained mostly flat for the past 24 hours, and Bitcoin has been unable to make a move throughout the period. However, this might as well be a stepping stone and a preparation for an attempt at $27K.

Most of the altcoins have remained flat with certain exceptions, so let’s dive in.

Bitcoin Preparing for $27K?

Bitcoin’s price has failed to produce anything of substance throughout the past 24 hours and remains largely situated around where it was trading yesterday – at around $26,500.

That said, according to the co-founder of Glassnode, $27K seems to be the next resistance to overcome, while there might be some selling pressure induced by profit booking at around $27.4K and later at $28.2K, if the cryptocurrency is to reach that level.

All in all, he seems to believe that the current increase in Bitcoin’s price will ultimately lead to another test of the coveted $30K level.