BTC update for June 29,.2022 - First donwside objective has been reached, potential for further drop | InstaForex

Bitcoin Has Fallen Past The $22k Level Which Is A Bearish Signal

Relevance up to 10:00 2022-06-30 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Technical analysis:

BTC/USD has been trading downside as I expected. The price reached my first objective at the price of $20.000. Anyway, I still expect further downside movement. Trading Recommendation: Due to the strong supply in the background and bearish trend, I see potential for further drop. Watch for potential selling opportunities on the intraday rallies wit the next objective at the price of $18.000. MACD oscillator is showing bearish reading and increasing in momentum. Key resistance is set at the price of $21.800.

 

 

Read more: https://www.instaforex.eu/forex_analysis/282435

Bitcoin Has Fallen Past The $22k Level Which Is A Bearish Signal

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