Despite the bottom-up efforts in the money markets, FED members' repeated calls for aggressive interest rate hikes are limiting purchases in Bitcoin. When we examine it technically, the cryptocurrency, which may be subject to selling pressure in its pricing below the $20 thousand 500 level, which indicates the descending trend line, may first tend to decline to the support levels of 19 thousand and then 18 thousand 100 dollars. Otherwise, $21,000 levels will be our current resistance in possible transitions on the descending trend line.

Support: 19 000 – 18 100 – 17 500
Resistance: 20 500 – 21 000 – 21 750