AT Cryptoscan: BTCUSD gone case
As heads up previously in April and again in May 2022, it is very clear that BTCUSD is in a bear market, and still continues to be so.
Two failed recovery rallies, and a lower low, with daily technicals crossing down bearish just say it all. MACD crossed down in bearish territory, and RPM crossed down sharply.
Expecting a lower low below 25,400, and then pushing below 20,000, as far as 16,460, in a support range. Preliminary projections suggest that this should happen by mid-July.
Two failed recovery rallies, and a lower low, with daily technicals crossing down bearish just say it all. MACD crossed down in bearish territory, and RPM crossed down sharply.
Expecting a lower low below 25,400, and then pushing below 20,000, as far as 16,460, in a support range. Preliminary projections suggest that this should happen by mid-July.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.