Thoughts on BTC holding 26k, eyeing higher lows
It's interesting to see $BTC continue to hold the 26k area, specifically around 26,000-26,200. I've been watching this zone closely as it seems to be acting as a decent support. If we can continue to put in higher lows on the daily, it might signal some underlying accumulation. The risk, of course, is a definitive break below 25,800 on a sustained basis; that would likely invalidate the current constructive setup I'm seeing and open the door for a retest of lower levels. Just my two cents as things develop.
Holding 26k is one thing, but volume has been pretty anemic. It's tough to call it true accumulation without more conviction behind the moves. A break below 25.8k would definitely confirm the weakness.