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BTC and Sub-$25,500 Hinged on US Inflation and Debt Ceiling Talks
On Thursday, bitcoin (BTC) rose by 0.58%. Partially reversing a 3.30% slide from Wednesday, BTC ended the day at $26,498. Significantly, BTC revisited sub-$26,000 for the first time since May 12. A bearish start to the day saw BTC slide to an early morning low of $25,886. Finding support at the First Major Support Level (S1) at $25,861, BTC rose to an early evening high of $26,644. However, falling short of the First Major Resistance Level (R1) at $27,033, BTC eased back to end the day at $26,498. China Crypto News Offsets Fed Fear It was a busy Thursday session. US economic indicators and debt ceiling talks were in ... (full story)
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- Posted: May 25, 2023 11:44pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 104
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