Bitcoin made a run for higher levels, breaking through resistance at $45K, but topping out at $45.6K, exactly as we predicted here. It seems that inflation data and increased Fed rate hike expectations have taken their toll on crypto. We appear to be maintaining the $40K's for now, but have retraced sharply to $43.1K. This level has held strong in the past, but if not, then we have a vacuum zone to two strong levels in the 
41K's. If bull momentum returns, we have several levels in the $45K-
46K range that should slow us down, but if not, the next target is $47.4K.
41K's. If bull momentum returns, we have several levels in the $45K-46K range that should slow us down, but if not, the next target is $47.4K.
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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.