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Bitcoin Eyes $27,800 Following Friday’s Reclaim
On Thursday, I wrote how the next move from Bitcoin hinged on $26,500. That’s been a key horizontal level since mid-March. Wednesday closed below the level, and BTC bulls tried to reclaim it on Thursday but failed. However, Friday’s session looks set to close above $26,500 and potentially even $26,700. Those are the two levels I wrote about on Thursday. A daily close back above those would confirm a bullish reclaim and set Bitcoin’s sights on $27,500 But although $27,500 is resistance, a cluster of short liquidations at $27,800 could trigger a move a bit higher. There’s also the top of a descending channel ... (full story)
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- Posted: May 27, 2023 12:20am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 75
