BTC review dated 16.06.2022



1 min


Another wedge can be seen on the daily chart, with the lower edge passing around $20 000, where an important support level is located. Following the 0,75 bps increase in the US key rate on the evening of June 15, bitcoin has strengthened short-term. Despite this, the market continues to be globally dominated by sellers, so no significant bitcoin growth should be expected in the near time.

The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.

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