BITCOIN BELOW 23K - Bearish market

BTC fell below the critical 23K level and is again swimming in bearish waters.

After it broke this level earlier this week, the market expected to reach the next resistance around 26K. 

The news that Tesla sold 75% of its crypto holdings negatively impacted the market, which resulted in a 6% drop in BTC’s price in the last 24 hours.

The next big event is the FOMC press, happening on July 26th.