Global markets are under pressure, and selling is going on!

BITCOIN

MonoCoin Signal

6/13/2022 0 min read

Global markets are under pressure, and selling is going on. US stock market and Asian stock market hit hard today. Markets are dumping because FED is tightening the rates to control inflation. BTC made a low of $22,600 which is near the 200 weekly Moving Average (MA). This might be the possible bottom, and we see a bounce from here. The resistance is now $25,000-$26,000 area, which is the key level to flip.