With no reason to move up, BTC is getting ready to go down to retest $ 16.025 levels.
What is happening in the world right now putting more and more weight on Cryptocurrencies and BTC prices:
with nothing supporting cryptos, BTC is consolidating between $18000 levels and above 15300, with a higher potential for a drop further towards $16,025 levels, breaking there will lead to a quick visit to $15530.
What is happening in the world right now putting more and more weight on Cryptocurrencies and BTC prices:
- job cuts
- Covid is spreading like rapid fire throughout China.
- Ukraine War which not coming to near end.
- Inflation and massive energy bills
with nothing supporting cryptos, BTC is consolidating between $18000 levels and above 15300, with a higher potential for a drop further towards $16,025 levels, breaking there will lead to a quick visit to $15530.