đąAnalysis of Bitcoin Market Trends as of June 19thđ
As of today, Bitcoin is trading around $65,000, highlighting the current state of the market. The prevailing sentiment reveals a robust presence of bearish momentum, which significantly outweighs the more subdued bullish indicators. This trend suggests a likelihood of minor corrective movements influenced by the prevailing bearish sentimentđ
Moreover, the closure of the New York session on June 19 is anticipated to impact trading volume, leading to reduced market activity and liquidity during this periodđ
In summary, the current assessment underscores a predominantly bearish stance for Bitcoin, characterized by pronounced bearish signals and anticipated lower trading participation following the cessation of New York trading hoursđ
đCrypto Scouts analytics team