Article on CoinDesk with FRNT.v CEO Stephane Ouellette discu Article on CoinDesk with FRNT.v CEO Stephane Ouellette discussing inflations effect on bitcoin
https://twitter.com/FRNT_Financial/status/1550511758896287744
With times of such uncertainty tend to result in selling pressure for speculative stocks, often easier for investors to sell off.
“There are three major price zones that we are watching. The major upside resistance zone is at $28,000. This area was the low from 2021 and acted as support in the summer of 2021,” Tedeschi said. “However, if bitcoin falls below the $18,000 zone, the major level of support is around $12,000, which is where the 2020 breakout zone is.”