Bitcoin traders pinpoint support levels as BTC price taps $26.2K

Bitcoin (BTC) recovered its weekly close losses on Aug. 28 as risk assets rose on China tax cuts.

BTC/USD 1-hour chart. Source: TradingView

BTC price 200-week EMA stands out as support

Data from Cointelegraph Markets Pro and TradingView followed a BTC price uptick into the day’s Wall Street open.

BTC/USD managed $26,226, marking its highest levels since Aug. 25 and fully compensating for weakness seen overnight.

News that China had cut tax on stock trading by 50% appeared to buoy U.S. futures…

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