BTC Bears in the Driving Seat with Sub-$26,000 the Near-Term Target
Nasdaq 2023-06-10 02:25:45 • 4 mins
FXEmpire.com -
Key Insights:
- On Friday, BTC slipped by 0.09% to end the day at $26,502.
- Binance news continued to grip the crypto news wires following the SEC filings.
- The technical indicators remained bearish, signaling a return to sub-$26,000.
On Friday, bitcoin (BTC) slipped by 0.09%. Partially reversing a 0.63% gain from Thursday, BTC ended the day at $26,502. Significantly, BTC fell short of the $27,000 handle for the second time since May 27.
A choppy start to the day saw BTC fall to an early morning low of $26,302. Steering clear of the First Major Support Level (S1) at $26,228, BTC rose to a mid-afternoon high of $26,804. However, falling short of the First Major Resistance Level (R1) at $26,835, BTC eased back to end the day at $26,502.
Binance News Continued to Test Buyer Appetite
It was a quiet Friday on the US economic calendar. There were no US economic indicators for investors to consider, leaving the crypto news wires to influence.
