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How do we Retest $27k?
Compass

How do we Retest $27k?

Crypto Compass 28

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Swissblock Insights
Jun 14, 2023
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How do we Retest $27k?
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Key Takeaways

  • FOMC outcome awaited, with a "skip" or pause expected, which would be bullish for bitcoin and risk-on assets. Volatility is expected going into the meeting and during the press conference.

  • The mid-term outlook suggests we could retest the $27.2k next week, with the downside limited to $24.9k (if things turn sour). We detail the steps to hit $27.2k below.


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