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BTC Bears Target $26,500 on US Debt Ceiling Woes and Fed Fear

From fxempire.com

On Tuesday, bitcoin (BTC) rose by 1.39%. Following a 0.41% gain on Monday, BTC ended the day at $27,243. Significantly, BTC revisited the $27,500 handle for the first time in five sessions. A mixed start to the day saw BTC fall to a first-hour low of $26,829. Steering clear of the First Major Support Level (S1) at $26,567, BTC rose to a mid-morning high of $27,543. BTC broke through the First Major Resistance Level (R1) at $27,150 and briefly through the Second Major Resistance Level (R2) at $27,432 before easing back to end the day at $27,243. Hong Kong Crypto News Mutes US Debt Ceiling Woes: Crypto news updates ... (full story)

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  • Category: Technical Analysis