The key support of $22599 last Friday was broken, then a big slide followed. $20797 is the support at present.
There is a need for recovery and consolidation. BTC has to break up every short-term resistance before taking hold of $23239.66 and remaining above it for 24 hours to conclude a consolidation.
Key resistance diverts to an area between $20747.07-$20536.61. If supports are broken down, it could drop and test as low as $18743.92.
Barkin, CEO of the Federal Reserve Bank of Richmond, made a hawkish remark that Fed 'Will Do What It Takes' to Curb Inflation.
The market expected interest rate hike: 50bp(58.5%),75bp(41.5%)
There is a need for recovery and consolidation. BTC has to break up every short-term resistance before taking hold of $23239.66 and remaining above it for 24 hours to conclude a consolidation.
Key resistance diverts to an area between $20747.07-$20536.61. If supports are broken down, it could drop and test as low as $18743.92.
Barkin, CEO of the Federal Reserve Bank of Richmond, made a hawkish remark that Fed 'Will Do What It Takes' to Curb Inflation.
The market expected interest rate hike: 50bp(58.5%),75bp(41.5%)