Bitcoin Chart

Today’s date is Thursday, September 1st, 2022. Bitcoin’s current price is $20,074 after a very negative week in sentiment for Bitcoin. With the court officials announcing the slow release of the 144,000 seized bitcoin from Mt. Gox, people thought the FUD was over but didn’t account for the harsh FED reality when Powell announced the tough times ahead. Also, the charges against Micheal Saylor were announced by the District of Columbia, alongside DOJ investigating Binance for tax evasion which continued to hammer down the negative news. Despite all the information coming out Bitcoin seems to find support again around the $20,000 range shown by lines labeled 2. Lines labeled 1* are showing the downward overall trend still looking at a possibility of touching the 17.5k range if we can’t hold this climb upwards.