Bitcoin Trending Down

٢٦ سبتمبر ٢٠٢٢

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.