Bitcoin: the imminent breakout of the annual low

The price of Bitcoin is holding up, but the decline remains preferred

The price of Bitcoin is still in a range, more and more restricted and observes a certain resistance compared to traditional assets. Indeed, the financial markets remain under tension and Jerome Powell’s latest intervention, during the press conference on monetary policy on Wednesday, only accentuates the downside risks.

Despite this, Bitcoin is holding above the $20,000 threshold and even trying to bounce back towards $21,000. This configuration is nonetheless negative on the main cryptocurrency and a bearish acceleration should take place very soon.

So, although Bitcoin could attempt to break above $21,000 again, especially over the weekend when traditional markets are closed, our outlook remains for a sharp comeback down and a breakout of the yearly low, towards the next support zone. .

Bitcoin price daily chart – key levels


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