The $28,000 Conundrum
As we leap into the new week, Bitcoin is caught in a little dance at the $28,000 resistance level, which might acutely resemble that awkward moment at a party where no one can decide whether to leave or stay. This stalemate comes amid a backdrop of geopolitical uncertainty that’s suddenly on everyone’s trading radar.
Market Movements: A Rollercoaster Ride
In a surprising turn of events, BTC marked a comeback after a hard fall to $27,000 on October 6, thanks largely to unexpected U.S. employment data that sent ripples through the markets. But don’t pop the confetti just yet; those who have been following the BTC saga know that trading around $28K calls for some serious bidding power.
Data Speaks Volumes
Recent data from Cointelegraph Markets Pro and TradingView paint a clearer picture. Popular trader Skew pointed out that we are still firmly treating $28,000 like the
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