Technical analysis by spilkerBTC about Symbol BTC: Buy recommendation (6/13/2022)

It's been a rough year for Bitcoin and crypto investors. However there is a lot of support here which could push BTC's price back upwards of 35k. Bitcoin's previous ATH was 20k and we are currently hovering right above those levels. We are testing the 200 week moving average which has been a reliable source of support throughout Bitcoin's history. I would guess a recovery from here, but it will take time. Some consolidation for a couple months until we really see the price start to reverse back upwards.