Key bitcoin price levels to watch as downward pressure builds
Bitcoin is facing increasing downward pressure, with key price levels to monitor being $27,000 and $26,000. A sustained drop below these levels could signal further declines, potentially leading to a test of the $25,000 support. Analysts suggest that market sentiment remains cautious amid regulatory concerns and macroeconomic factors. Additionally, trading volumes have decreased, indicating reduced investor interest. Overall, the outlook for Bitcoin remains uncertain as it navigates these critical price points.
Read the full article: CoinDesk