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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