Bitcoin likely testing $30k support area of volume remains low and bears stay in charge.
Bouncing off and reversing (pink arrow) has lower likelihood than continuation to $24k... followed by support @ $18k.
Macroenvironment still presents risk-off in face of rising bond yields, tightening supply via asset reduction shortly after beginning rate hikes.
$18k is not the bottom in a complete market meltdown.
Bouncing off and reversing (pink arrow) has lower likelihood than continuation to $24k... followed by support @ $18k.
Macroenvironment still presents risk-off in face of rising bond yields, tightening supply via asset reduction shortly after beginning rate hikes.
$18k is not the bottom in a complete market meltdown.
