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Bitcoin Holds 20k, but for How Long?

Name: Bitcoin Holds 20k, but for How Long?
Uploaded: 2022-06-21
Channel: David Kindley
Description: After Bitcoin and Ethereum hit fresh lows under $18k and $900, the cryptocurrency sentiment seems to have stabilized.Since then, Bitcoin has bounced over 18% to $21k and Ethereum over 30% to over $1000.So, what is driving the rebound? Is it just a ca

VideoTechnical Analysis

By David Kindley On Jun 21, 2022

After Bitcoin and Ethereum hit fresh lows under $18k and $900, the cryptocurrency sentiment seems to have stabilized.

Since then, Bitcoin has bounced over 18% to $21k and Ethereum over 30% to over $1000.

So, what is driving the rebound? Is it just a case of buying the dip after falling to its lowest level since January 2021?

Timestamps

BTCUSD 02:00

ETHUSD 03:25

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David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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