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Bitcoin Key Levels to Watch Next Week
Bitcoin continued its sideways indecision today, a theme that began last Friday. That means this week has yet to make progress in either direction. The level capping further upside remains the $28,920 macro resistance. I wrote about the $29,000 area ahead of this week’s FOMC, given its significance since early 2021. A higher time frame close above that is needed to open up higher targets for BTC. However, I continue to think the near-term top is in for Bitcoin. A significant factor in my bias is the liquidation heatmap below, which shows far more liquidations below current levels than above. The chart above shows ... (full story)
