Bitcoin price eyes $26K ‘acceleration’ zone as Binance fears fade
An ongoing recovery from U.S. macroeconomic policy updates could spell more sustained progress for BTC price into the holiday weekend. Bitcoin (BTC) headed toward a “crucial area” after the June 16 Wall Street open as a recovery from three-month lows continued. BTC/USD 1-hour chart Bitcoin reinforces rebound from multi-month lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $26,000 on Bitstamp. BTC price built on an overnight rebound from its lowest levels since early March amid ongoing regulatory and macroeconomic pressures. For Michaël van de Poppe, founder and CEO of trading firm Eight, $26,000 represented a key level for bulls to flip next. “Long weekend is coming up with the bank holiday on Monday,” he told Twitter followers, referencing the June 16 Martin Luther King Jr. holiday in the U.S. “For Bitcoin, crucial area to break is $26K. If that breaks, we'll have some acceleration . I'm still long, would still long if we reach $24.4K too.” Th...