“Bitcoin continued to consolidate below the US$28,000 as investors eagerly await for the Federal Open Market Committee’s meeting next week. BTC’s current support level is situated around US$27,100, while its resistance level is at US$27,650. If the price drops below the support level, it could potentially plummet towards the US$26,500 level,” Edul Patel, Co-founder and CEO at Mudrex, said.
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