Bitcoin (BTC) is currently consolidating above the crucial $26,000 level, a key threshold for the world’s largest cryptocurrency to continue its upward momentum and reach higher levels. The recovery of this price mark on June 15th has given BTC holders renewed confidence, with the highly anticipated news of Blackrock, the largest fund manager in the world with over $10 trillion under its management, announcing a formal application for a new spot Bitcoin Exchange-Traded Fund (ETF) has further boosted their optimism. Despite this positive news, Bitcoin still faces significant resistance ahead if it is to recover previously lost territories and solidify a bull run. Related Reading: Crypto Analyst Says Bitcoin Has Already Bottomed, Sets Halving Price Higher Low At $25,800 Before Upside Breakout? Crypto analyst WoeToe has recently shared his thoughts on the current state of the Bitcoin market, highlighting a crucial level that bulls should keep an eye on. According to WoeToe, Bitcoin has failed to break its resistance level at $26,600, indicating that the market may be experiencing a period of consolidation before making its next move. Woe ..
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