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BTC Return to $28,000 Hinged on PBoC Moves and Fed Chair Powell

From fxempire.com

On Monday, bitcoin (BTC) gained 1.90%. Reversing a 0.67% loss from Sunday, BTC ended the day at $26,858. Significantly, BTC revisited the $27,000 handle for the first time since June 7. A mixed start to the day saw BTC fall to a first-hour low of $26,292. Steering clear of the First Major Support Level (S1) at $26,180, BTC rose to a late afternoon high of $27,075. BTC broke through the First Major Resistance Level (R1) at $26,633 and briefly through the Second Major Resistance Level (R2) at $26,907 before ending the day at $26,858. Blackrock Bitcoin ETH Chatter Delivers Support: It was a quiet Monday, with the US ... (full story)

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  • Category: Technical Analysis