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'Too early' to say Bitcoin price has reclaimed key bear market support — Analysis

Published 06/14/2022, 12:21 PM
Updated 06/14/2022, 02:00 PM
'Too early' to say Bitcoin price has reclaimed key bear market support — Analysis

Bitcoin (BTC) crept higher after the June 14 Wall Street open as analysts hoped that long-term support had been preserved.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded above $22,500 at the time of writing, having hit local highs of $23,300 on the day.

Bitcoin MVRV-Z score chart. Source: Glassnode

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Latest comments

There is no support untill the 14k region... and even that support will be weak...
beer market hasn't started anything I just buy more BTC I have the hope I have believe I'm going to make it I'm cuz it's how it was last week and I was able to conquer through the help of my intellectual teacher
You gonna need that beer for what is comming... lol...
bear market started yesterday. average bear marget last 289 days lol
fook
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