A Daily Outlook: BTC/USD; June 14, 2022

Top 5 Headlines on Digital Currency:

  • EarnBet represents the world’s first fully-decentralized crypto casino, featuring a series of highly-entertaining and profitable games.
  • Data from CoinShares Q1 2022 report revealed that hedge fund managers remained extremely bullish on Bitcoin despite crypto winter.
  • As per analysis by Blockware Solutions, Bitcoin Adoption Should Exceed 1 Billion Users by 2030.
  • Crypto lending firm Celsius announced that it would pause withdrawals, swaps and transfers between accounts on its platform, citing market conditions as the price of Ether and other cryptocurrencies tumbled.
  • Crypto bank Custodia is reportedly filing a lawsuit against the U.S. Federal Reserve for allegedly delaying the approval of its master account application.
  • IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s research and development, recently announced that a testnet for the alpha version of its Ethereum Virtual Machine (EVM) sidechain had been released.
  • The United States Treasury has been working on measures to contain risks associated with unhosted crypto wallets.

Source: ambcrypto

Technical View:

  • The BTC recovers sharply from previous losses and hovers around $22,500 mark.
  • The pair made intraday high at $23,288 and low at $20,816 mark.
  • Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being.
  • A sustained close above $24,100 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $20,800 on H1 chart requires for the downside rally.
$20,800 $23,300
$20,410 $24,100
$19,750 $24,680
$19,300 $25,050
$18,600 $25,550


Take a look and do trade wisely!
Good Luck