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BTC Return to $28,000 Hinged on China PMI and the US Debt Ceiling Vote

From fxempire.com

On Wednesday, bitcoin (BTC) fell by 1.81%. Following a 0.18% loss on Tuesday, BTC ended the day at $27,220. Significantly, BTC saw its first monthly loss of 2023, falling by 6.95% in April. A mixed start to the day saw BTC rise to an early morning high of $27,856. Falling short of the First Major Resistance Level (R1) at $27,995, BTC fell to a late afternoon low of $26,858. BTC fell through the First Major Support Level (S1) at $27,526 and the Second Major Support Level (S2) at $27,328. However, finding support at the Third Major Support Level (S3) at $26,859, BTC wrapped up the day at $27,220. China PMIs and Market ... (full story)

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  • Category: Technical Analysis