Bitcoin is trending downward as the markets digest a persistent risk off tone and increased Fed rate hike trajectory. We are edging toward our supporting level of $18.6K. This level should provide support but if not, $17.6K is the next level after that. If we pivot, we must break $19.5K before attempting $20K again. It will take significant momentum to break through to these upper levels which is unlikely at this time.
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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.