BTC/USD Pressured Below 29301: Sally Ho's Technical Analysis 13 June 2022 BTC

Bitcoin (BTC/USD) added to ongoing negative technical sentiment early in the Asian session as the pair continued to weaken below the psychologically-important 30000 figure, trading as low as the 27148.46 area.  Traders drove BTC/USD down to weakest print since 12 May before encountering additional selling pressure around the 28765.82 area.

Timeline of Bitcoin

Bitcoin price analysis is bullish today as we have seen a further decline over the past days and support found at $27,250. Additionally, BTC/USD currently forms a strong bullish reversal candle, which indicates that retracement should follow early next week.

The crypto market came under further pressure soon after the U.S. released its May 2022 inflation data, with CPI at 8.6%. The broader crypto market is down by another 5% today moving closer to the $1 trillion mark.

Nicholas Weaver – senior staff researcher at the International Computer Science Institute – stated in a recent interview that he thinks bitcoin and crypto should “die in a fire.” Clearly, he's no fan of the space.

Grayscale CEO Michael Sonnenshein said pension funds are considering Bitcoin as an asset class for diversifying their portfolio. The post Grayscale CEO says pension funds are looking to add Bitcoin appeared first on CryptoSlate.

Cynthia Lummis' proposed bill can heavily affect Bitcoin and other cryptocurrencies as well but according to her, it can lead to crypto adoption into the traditional financial system and can enable digital currencies to become more accepted as commodities so let's read more today in our latest Bitcoin news. Senator Lummis introduced a comprehensive bill

Billionaire and Microsoft co-founder Bill Gates is the fourth richest person in the world, yet he claims to own no bitcoin or cryptocurrency at the time of writing. He has stated that he is not crazy about where crypto is going and he has often warned people about plunking their money into a new asset.

Twitter Inc (NYSE: TWTR) co-founder and its former CEO Jack Dorsey is planning to create a new decentralized web that will be centered on Bitcoin (CRYPTO: BTC). With his Block Inc (NYSE: SQ) subsidiary TBD, Dorsey aims to build Web5 based on Bitcoin and believes it will play an integral part in the evolution of the internet.

The purchase was announced in a tweet saying it was meant to “safeguard the overall blockchain industry and crypto market.” The post Tron Dao buys $50M of Bitcoin and TRX to add to USDD reserves appeared first on The Block.

Over the past four weeks, the Bitcoin(BTC) price wavered between the $32000 and $28600 mark. However, on June 11th, the sellers settled this consolidation with a $28600 breakdown, suggesting an extension in the overall downtrend.

The global cryptocurrency market was on track for another decline on Saturday, as Bitcoin and other top cryptocurrencies took a significant blow throughout the day. The $1.19 trillion crypto industry is currently worth less than it did in July of last year.