Can Bitcoin Break $25K??
Bitcoin surged past our resistance level at 23.9K. We came very close to our next target at 25.1K, before retracing back to support at 23.9K. Now that the markets feel that the Fed will start to soften their hawkish stance, markets have the green light to rally. But it has been slow and steady for Bitcoin. The level 25.1K remains an upper bound, and the target to break before reaching higher levels. If 23.9K fails to provide support, then there is a vacuum zone below to 22.4K.
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