Bitcoin needs to break the 200 week!

Hello Friends!

Traditional markets are closed tomorrow (6/20/22) and BTC might have an extra day for some positive gains/reaction rally. Be careful here, the macroeconomics are not supporting crypto or traditional markets.

Let’s look at some levels to watch. The 200 week ($22350) is the biggest level for BTC to target in the short term. $19,800 (December 2017 high) must be held to support any traction up towards testing the 200 week. If $19,800 can hold support, keep an eye on $21,940 on its way to the 200 week.

Also, keep in mind that this current drop is coming off a massive bear flag break. If this flag plays out fully, BTC can further drop to the 12K to 14K zone.

As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!

*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.