As heads up previously in April and again in May 2022, it is very clear that BTCUSD is in a bear market, and still continues to be so.
Two failed recovery rallies, and a lower low, with daily technicals crossing down bearish just say it all. MACD crossed down in bearish territory, and RPM crossed down sharply.
Expecting a lower low below 25,400, and then pushing below 20,000, as far as 16,460, in a support range. Preliminary projections suggest that this should happen by mid-July.
Two failed recovery rallies, and a lower low, with daily technicals crossing down bearish just say it all. MACD crossed down in bearish territory, and RPM crossed down sharply.
Expecting a lower low below 25,400, and then pushing below 20,000, as far as 16,460, in a support range. Preliminary projections suggest that this should happen by mid-July.
