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BTC Bears to Target Sub-$26,000 on Hawkish Fed Chatter
On Sunday, bitcoin (BTC) rose by 0.55%. Reversing a 0.10% loss from Saturday, BTC ended the week down 5.43% to $26,937. Significantly, BTC ended an eight-day losing streak, the longest stretch of losses since June 2022. A bearish start to the day led BTC to a first-hour low of $26,603. Finding support at the First Major Support Level (S1) at $26,645, BTC rose to a mid-afternoon high of $27,205. BTC broke through the First Major Support level (S1) at $27,003 to test the Second Major Resistance Level (R2) at $27,216 before easing back to end the day at $26,937. US Debt Ceiling Jitters Subside Ahead of a Busy Week It ... (full story)
