Bitcoin Chart

Today is September 23rd, 2022. Bitcoin’s current price is $18,687 and is down about a little over 1.24% in the past 24 hours. Ethereum's price is $1,295 and is up 2.73% in the past 24 hours. The market is still struggling to have any upwards movement back into channel labeled #2. Getting closer to the testing line labeled #3 which would be a big level of support around $17,500. Overall sentiment has been pretty negative with the recession still looming over the entire economy and FEDs focused on combatting inflation. Other countries throughout Europe also raise rates up to 100 bps in some places as well. China has a big oversupply of oil increasing exports giving a brake on gasoline prices and combatting real estate issues at home also. The continuing war in Ukraine devasting the country and uproars and protests in Iran after a death of a female 22-year-old have also taken a drastic turn with violence and protests. These factors will continue to keep the market going at least sideways for the next couple of months with more downside still possible.