Brief Rally in Bitcoin Fades Fast

1 thg 7, 2022

Bitcoin had a nice pop to our level at 20.7K. As predicted, we saw resistance at that level, and it was swiftly struck down, back below 20K, which seems to be a barrier for Bitcoin right now. We are currently wavering in the 19K's, with little indication of another pump anytime soon. We have tested a lower level at 18.6K, and appear to be headed there once more, which is not a good sign. The floor for now should be 17.6K, but after that we have a vacuum zone down to 15.1K.