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BTC Eyes a Return to $26,000 on Easing Fed Fear and Bank Contagion

From fxempire.com

On Thursday, bitcoin (BTC) rose by 3.04%. Reversing a 1.67% loss from Wednesday, BTC ended the day at $25,061. Significantly, BTC held onto the $25,000 handle for the first time since June. A mixed start to the day saw BTC fall to an early low of $24,186. Steering clear of the First Major Support Level (S1) at $23,727, BTC rose to a high of $25,213. BTC broke through the First Major Resistance Level (R1) at $25,120 before easing back to end the day at $25,061. Easing Fears of a Global Financial Crisis Supported Riskier Assets Investor sentiment shifted on Thursday, with fears of a second global financial crisis in 15 ... (full story)

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