A Daily Outlook: BTC/USD; June 17, 2022

Top 5 Headlines on Digital Currency:

  • The Bitcoin hashrate has surged to a new all-time high.
  • Cryptocurrency hardware wallet manufacturer Ledger has finally added support for Cardano (ADA).
  • Dogechain has launched its testnet, bringing dApps and DeFi to the DOGE community.
  • Decentralized oracle network Chainlink (LINK) has integrated its service called Chainlink Price Feeds to Moonbeam.
  • A research has exposed vulnerability to hacking for browser-based crypto wallets.</li
  • Ankr has announced that it will become a remote procedure call provider for Optimism, an open-source scaling solution for Ethereum.
  • Bitcoin appeared second on the list and the crypto struggled to stay above $20k. The study revealed that investors in 17 states, including Oregon, Kansas, Illinois and Pennsylvania, wished to sell the flagship cryptocurrency.

Source: ambcrypto

Technical View:

  • The BTC recovers slightly from previous losses and stabilizes above $20,000 mark.
  • The pair made intraday high at $21,325 and low at $20,220 mark.
  • Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being.
  • A sustained close above $21,500 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $20,000 on H1 chart requires for the downside rally.
$20,000 $21,500
$19,550 $21,900
$19,100 $22,400
$18,680 $22,800
$18,310 $23,200


Take a look and do trade wisely!
Good Luck