Bitcoin price remained well-bid above the $26,000 level. A base was formed and the price was able to settle above the $26,500 resistance zone. The bulls remained active above $26,500 and initiated a decent increase. There was a move above the 23.6% Fib retracement level of the key decline from the $29,851 swing high to the $25,811 low. Besides, there was a break above a key bearish trend line with resistance near $27,100 on the 4-hour chart of the BTC/USD pair.