BTC Retests $20,000, Drop is Incoming?

Bitcoin price analysis is bearish today and A retest of $20,000 previous support is currently seen.

Bitcoin price analysis is bearish today as we have seen further lows tested at $18,000 yesterday and a quick reaction back to retest the $20,000 previous support as resistance earlier today. Therefore, BTC/USD should be ready to continue even lower over the next week, with the next target to the downside being the $16,000 mark. 

Image from Tradingview on June2022
Bitcoin continues testing further downside?

BTC/USD traded in a range of $17,708.62 to $19,892.29, indicating substantial volatility over the last 24 hours. Trading volume has increased by 37 percent, totaling $45 billion, while the total market cap trades around $371..65 billion, resulting in a dominance of 43.17 percent.

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