Bitcoin eyes $28k as investors monitor debt-ceiling votes Bitcoinprice BTC marketupdate
- The broader cryptocurrency market consolidated on Tuesday following the brief breakout of Bitcoin above $28,400 over the holiday weekend, with investors now focused on whether or not the debt-ceiling deal reached in the U.S. can make it through a divided Congress before funds dry up.
Bitcoin traded in a narrow range on Tuesday, with a slight upward trend. Data provided by TradingView showed that Bitcoin briefly hit a high of $28,100 in the morning hours, before dipping to $27,615 in the afternoon and then climbing back above $27,800.The strong showing by Bitcoin over the holiday weekend helped push June Bitcoin futures to a three-week high in early trading on Monday, according to Kitco senior technical analyst Jim Wyckoff.
MN Trading CEO Michaël van de Poppe posted the following tweet outlining this scenario and highlighting the importance of Bitcoin holding the $27,200 - 27,400 support level.It's the $27.2k-27.4k level.
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