Finally, Bitcoin closing in on $22,000
June 13, 2022 Leave a comment
Bitcoin is now closing on a lower price target I have mentioned in past writings, being the $22,000 level.
The chart below revises that target as being $22,500, give or take $300 either way.
It’s getting close, for today’s low is
$23,892 or $23,707 depending which exchange you are watching.
However, the main message is not about buying cryptocurrencies but instead using Bitcoin as an indicator of risk appetite.
The S&P 500 and Nasdaq should have commensurate swoon.
Irrespective, whether such targets are 3% or 7% away, it’s telling me that it is close and good enough.
Especially if you are taking a longer-term horizon.
June 13, 2022
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 