TLDR Bitcoin Chart Analysis — Crypto Kai (23/06/2021)

Chart at the bottom of the article

  • Frequent China FUD causing panic selling
  • Whales deleveraging across CEXs and on-chain causing further sell pressure and liquidations
  • Weekly BTC (left) post-complacency bounce and momentum breakdown (bottom left) remains in bearish territory mid-term. Range lows were swept with a good reaction from buyers indicating a possible relief rally short-term.
  • Daily BTC (right) shows an outlined relief rally back to range highs based on a momentum breakout, retest and continuation (bottom right).

Explore the Crypto Kai Dojo, our free crypto ecosystem compendium and enjoy finding the best educative resources in the space from popular podcasts and insightful newsletters to technical chart trading and on-chain fundamental analysis tools.

Bitcoin (BTCUSD) | Weekly - Daily

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Founder @ Galleon | Advisor @ Set Protocol

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Andrew Wilkinson

Andrew Wilkinson

Founder @ Galleon | Advisor @ Set Protocol

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