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BTC Turns Bullish But Sub-$26,000 Risk Remains on Recessionary Fear
On Wednesday, bitcoin (BTC) rose by 1.37%. Reversing a 0.52% loss from Tuesday, BTC ended the day at $27,425. Despite the bullish session, BTC fell short of the $28,000 handle for a seventh consecutive session. A bearish morning saw BTC fall to a late-morning low of $26,612. BTC fell through the First Major Support Level (S1) at $26,860 before rising to a late-session high of $27,532. BTC broke through the First Major Resistance Level (R1) at $27,281 and briefly through the Second Major Resistance Level (R2) at $27,507 before ending the day at $27,425. Easing Fears of a US Default Offset Increasing Recessionary ... (full story)