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Bitcoin’s Next Big Move Hinges on $26,500
Bitcoin closed below $26,500 on Wednesday for the first time since mid-March. The level had served as key support for months before Wednesday’s breakdown. However, the jury is out on whether that breakdown holds. Bitcoin is testing the $26,500 level as new resistance today, and bulls are doing everything possible to close the session back above that mark. But as always, a daily close above $26,500 and, ideally, $26,700 is required to flip the level back to support and expose the liquidation cluster at $27,800. Until then, the $26,500-$26,700 area is critical resistance. And unless BTC bulls can reclaim that area ... (full story)
