BTC/USD – Weekly Market Update, 5/23/22

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

SpecialeAnalysis

Bitcoin and crypto as an entire sector remain under pressure.

We successfully navigated our way through the sell offs across the primary channel and the channel extension.

At this time, I do not see any actionable setup that would allow us to take advantage of this market safely.

Area(s) of support and resistance have been adjusted accordingly for your reference.

Wishing you a blessed and profitable week ahead!

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