On Wednesday, bitcoin (BTC) rose by 2.44%. Following a 2.87% gain from Tuesday, BTC ended the day at $16,613. Notably, BTC avoided sub-$16,000 for the first time in three sessions. A mixed start to the day saw BTC fall to an early morning low of $16,168. Steering clear of the First Major Support Level (S1) at $15,791, BTC rallied to a late high of $16,682. BTC broke through the First Major Resistance Level (R1) at $16,469 to end the day at $16,613. FTX contagion risk eased further on Wednesday, providing much-needed crypto market support. Following the news of FTX holding $1.24 billion in cash reserves, former FTX ... (full story)