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.
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