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Bitcoin Trend Analytics May June 16th - correction

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Yesterday remarks from Powell has boosted confidence of the market despite the 75bp increase of the interest rate, and saved the market from another massacre.

BTC then left the most dangerous zone in the downward channel, holding the main support around $20222 and diverted upward, which forms a correction.

The market will enter a correction between $20222-$25000

An agreement on the first support is reached at $20222.47; the next comes to $18554.16.

The market begins to seek the bottom and we need more time to confirm the trend.

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