On Wednesday, bitcoin (BTC) slid by 3.30%. Reversing a 1.39% gain from Tuesday, BTC ended the day at $26,344. Significantly, BTC tested support at $26,000 for the first time since May 12. Bearish throughout the day, BTC fell from an early high of $27,239 to a mid-afternoon low of $26,067. BTC fell through the First Major Support Level (S1) at $26,867 and the Second Major Support Level (S2) at $26,491 to end the day at $26,344. US Debt Ceiling Woes and the Fed Send BTC South There were no crypto events to move the dial on Wednesday. The lack of crypto-related news left BTC in the hands of the US economic calendar and ... (full story)