Day Trading Bitcoin in 2022

Day trading chart for Bitcoin in 2022 - Bitcoin is approaching a key resistance area to determine 2 more waves up or an ABC correction towards the lower bounds of the range. It will be interesting to see how the market will deal with an even more hawkish fed that will drop a 75 to 100 bps hike combined with record inflation. Some parts of the market will have to give in, which for now looks like growth stocks and crypto could be next. Lets see how Bitcoin behaves at the current zone (marked yellow). Good luck to everyone!

Comment:

You had the warning right at the local top!