Bitcoin Chart Update

It is July 25th , 2022 with BTC price at $21,942 USD and we are looking at our Daily BTC Chart trying to see what the next movement looks like. Currently we have some liquidations on longs for BTC and ETH today with the prices braking below $22,000. (Approx. $151 million worth liquidated.) The economic sentiment still very negative with the FED rate hike meeting this week alongside corporate earning reports which most companies will be reporting more than likely significant losses on balance sheets. Major supply chain issues within technology, food such as grain exports etc. and many others such as fuel will continue to put pressure on spending which could cause some more time on this downward trend in coming weeks. Will follow up the end of week after getting more updates.