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Bitcoin Trade Idea Through June
Bitcoin is once again testing the $26,560 key horizontal support after getting rejected from the mid-March trend line at $27,500. You’re very familiar with both levels if you follow me on Twitter. The $27,500 area was our target on a long following the $26,560 reclaim on May 12th. Bitcoin bulls failed to close BTC above $27,500 this week, which leaves me relatively bearish for now. That said, a daily close below $26,560 is required to open up downside targets like $25,000. That was range resistance for BTC between August 2022 and February 2023. Although many will bid Bitcoin in the $25,000 region, looking for ... (full story)
