Technical analysis of BTC/USD 07/06/2022

Bitcoin is currently within the 19,300 support zone (2017 high).

The technical picture suggests that if the price consolidates below 19,300, then the next support will be the 13,000 area (2019 high).

Breaking (MA200) on the weekly chart is in favor of the continuation of the decline.

The closest resistance is around 28,000.

BTCUSDWeekly

Created by Joshua Hayn

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