Crypto sells off with risk assets but is holding above first key support

Jun 24, 2020 • 2 Min Read


Crypto sell off with most risk assets - Cryptocurrencies broadly sold off today along with most risk assets raising the question of whether a bigger correction is developing. While a deeper correction is always possible it is premature to technically conclude BTC’s May-June trading range is morphing into a downtrend.

Key technical levels for BTC – The long-term trend for BTC remains positive with a move above 10-10.5K resistance needed to signal a new upside acceleration taking hold. From a short-term trading standpoint, today’s reversal was obviously not encouraging, particularl...

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