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#BTC UPDATE📌
#bitcoin experienced a downturn over the weekend, with the Friday CME #Futures closing at 26,535$ and reaching a low of 26,450$. This level is likely to be revisited in the upcoming week, unless the price continues to drop without any significant bounce
The overall sentiment appears bearish, although the 4-hour Exponential Moving Average (EMA) at 25,492$ is still providing some support
However, the scenario of a target zone between 22,184$ and 23,888$ is increasingly plausible
On the upside, we can identify resistance levels at 27,200$, 28,000$, and 29,200$. These levels would need to be overcome for a potential #bullish reversal 🚀
Conversely, on the downside, there are support levels at 26,000$, 25,750$, and 25,350$, which could act as potential barriers against further price declines 🔻
