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BTC at Risk of Sub-$26,000 on Hawkish Fed Sentiment

From fxempire.com

On Thursday, bitcoin (BTC) fell by 2.06%. Reversing a 1.37% gain from Wednesday, BTC ended the day at $26,860. The bearish session saw BTC revisit sub-$26,500 for the first time in six sessions. After a choppy morning, BTC struck a midday high of $27,506 before hitting reverse. Falling short of the First Major Resistance Level (R1) at $27,767, BTC fell to a late afternoon low of $26,413. BTC briefly fell through the First Major Support Level (S1) at $26,847 before ending the day at $26,860. Binance News and Regulatory Activity Leave BTC at Sub-$27,000: It was a busy Thursday session. US economic indicators had a ... (full story)

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  • Category: Technical Analysis