Bitcoin (BTC): $66,194.13 (-0.05%)
Bitcoin Dominance: 55.4%
Fear and greed index: 71 (greed)
WHAT HAPPENED?
Since last week, bitcoin has lost about 6% in price. The largest volumes, which were priced at ~$69,000, were sent for sell, which led to the continuation of the downward movement to the border of the local sideways.
WHAT WILL HAPPEN: OR NOT?
We expect the downward movement to continue at least until the next sell zone. Fixing above the $70,000 price may contribute to changing the scenario.
Buy zones: $64,500-$62,700 (pushing volumes), $61,200-$60,400 (volume zone), $58,500-$57,000 (volume anomalies).
Sell zones: ~$67,000 level (delta anomalies), $68,900-$69,800 (volume anomalies), $70,800-$71,400 (accumulated volume).
IMPORTANT DATES
We have been following macroeconomic events since Tuesday:
• Tuesday, June 18, 9:00 (UTC) — publication of the consumer price index for May in the eurozone;
• Tuesday, June 18, 12:30 (UTC) — publication of the base index and retail sales volume for May in the United States;
• Wednesday, June 19, 6:00 (UTC) — publication of the consumer price index for May in the UK;
• Thursday, June 20, 22:45 (UTC) — publication of GDP data for the 1st quarter in New Zealand;
• Thursday, June 20, 7:30 (UTC) — Swiss interest rate decision;
• Thursday, June 20, 11:00 (UTC) — UK interest rate decision;
• Thursday, June 20, 12:30 (UTC) — publication of data on initial unemployment claims and the index of manufacturing activity in the United States;
• Friday, June 21, 13:45 (UTC) — publication of the index of business activity in the manufacturing and services sectors of the United States;
• Friday, June 21, 14:00 (UTC)— report on home sales in the US secondary market;
• Friday, June 21, 18:00 15:00 (UTC) — The US Federal Reserve's monetary policy report.
*This post is not financial recommendation. Make decisions based on your own experience.
Bitcoin Dominance: 55.4%
Fear and greed index: 71 (greed)
WHAT HAPPENED?
Since last week, bitcoin has lost about 6% in price. The largest volumes, which were priced at ~$69,000, were sent for sell, which led to the continuation of the downward movement to the border of the local sideways.
WHAT WILL HAPPEN: OR NOT?
We expect the downward movement to continue at least until the next sell zone. Fixing above the $70,000 price may contribute to changing the scenario.
Buy zones: $64,500-$62,700 (pushing volumes), $61,200-$60,400 (volume zone), $58,500-$57,000 (volume anomalies).
Sell zones: ~$67,000 level (delta anomalies), $68,900-$69,800 (volume anomalies), $70,800-$71,400 (accumulated volume).
IMPORTANT DATES
We have been following macroeconomic events since Tuesday:
• Tuesday, June 18, 9:00 (UTC) — publication of the consumer price index for May in the eurozone;
• Tuesday, June 18, 12:30 (UTC) — publication of the base index and retail sales volume for May in the United States;
• Wednesday, June 19, 6:00 (UTC) — publication of the consumer price index for May in the UK;
• Thursday, June 20, 22:45 (UTC) — publication of GDP data for the 1st quarter in New Zealand;
• Thursday, June 20, 7:30 (UTC) — Swiss interest rate decision;
• Thursday, June 20, 11:00 (UTC) — UK interest rate decision;
• Thursday, June 20, 12:30 (UTC) — publication of data on initial unemployment claims and the index of manufacturing activity in the United States;
• Friday, June 21, 13:45 (UTC) — publication of the index of business activity in the manufacturing and services sectors of the United States;
• Friday, June 21, 14:00 (UTC)— report on home sales in the US secondary market;
• Friday, June 21, 18:00 15:00 (UTC) — The US Federal Reserve's monetary policy report.
*This post is not financial recommendation. Make decisions based on your own experience.
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