'Too early' to say Bitcoin price has reclaimed key bear market support — Analysis

Cointelegraph

Published Jun 14, 2022 12:21PM ET

Updated Jun 14, 2022 02:00PM ET

Bitcoin (BTC) crept higher after the June 14 Wall Street open as analysts hoped that long-term support had been preserved.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded above $22,500 at the time of writing, having hit local highs of $23,300 on the day.

Bitcoin MVRV-Z score chart. Source: Glassnode

Continue Reading on Coin Telegraph