BTC analytics Jun 13
Greetings everyone!
The market cap is 1059 billion, the dominance index is 49.23%. Fear and Greed Index - 45 (Fear dominates the market).
Over the weekend, price was "sawing" the 25843 - 25990 level, creating compression (noted on the chart). Today's CPI news added to the volatility and brought the price briefly to the center of the downward channel. A negative news backdrop prevails, all in anticipation of hearings on the future regulation of the crypto industry. The first hearing is today, June 13 at 18:00 (UTC).
Key levels remain the same from the previous review. Movement options:
1. Downtrend. If the price consolidates below 25843 there is a good chance of getting to the level of around 25000 - 25200. If the results of today's hearing are negative for the industry, it is possible to be in this level in a matter of minutes, within one candle.
1.1 In the area of 25000 it is necessary to follow the further movement of the price. A deeper correction into the POI area is possible. But, on the other hand, those who want to buy back BTC at 25000 may quickly return the price to 26000.
2. Uptrend. If the price fixes above the middle of the channel (26200-26300), movement to the first resistance zone ~27000 is possible, where we can expect a rebound.
Follow the news and do not enter in the middle of the movement during the period of strong volatility.
Good luck and patience to all.
Always in touch,
Relictum Analytics
The market cap is 1059 billion, the dominance index is 49.23%. Fear and Greed Index - 45 (Fear dominates the market).
Over the weekend, price was "sawing" the 25843 - 25990 level, creating compression (noted on the chart). Today's CPI news added to the volatility and brought the price briefly to the center of the downward channel. A negative news backdrop prevails, all in anticipation of hearings on the future regulation of the crypto industry. The first hearing is today, June 13 at 18:00 (UTC).
Key levels remain the same from the previous review. Movement options:
1. Downtrend. If the price consolidates below 25843 there is a good chance of getting to the level of around 25000 - 25200. If the results of today's hearing are negative for the industry, it is possible to be in this level in a matter of minutes, within one candle.
1.1 In the area of 25000 it is necessary to follow the further movement of the price. A deeper correction into the POI area is possible. But, on the other hand, those who want to buy back BTC at 25000 may quickly return the price to 26000.
2. Uptrend. If the price fixes above the middle of the channel (26200-26300), movement to the first resistance zone ~27000 is possible, where we can expect a rebound.
Follow the news and do not enter in the middle of the movement during the period of strong volatility.
Good luck and patience to all.
Always in touch,
Relictum Analytics
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