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Bitcoin Key Levels and Ranges to Watch
Bitcoin remains sideways after Monday’s $26,500 retest, a theme that’s plagued the market since the 18th. The critical level to open up downside targets remains $26,500. A daily close below exposes the August 2021 to February 2023 range highs at $25,200. Although Monday’s drop didn’t break key support, it does present another obstacle for BTC bulls. There’s now a confluence of resistance at $27,700 that Bitcoin bulls will need to clear to target the $28,900 macro resistance. The last 24 hours have also carved a much smaller range for BTC between $26,860 and $27,180. We saw a deviation below support ... (full story)
