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Raniawagdy

With no reason to move up, BTC is ready to hit $16.025 levels

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Indeks Bitcoin (BITMEX:XBT)  
Raniawagdy  
BITMEX:XBT   Indeks Bitcoin
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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:

  • 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.

Penafian

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