### Bitcoin is still moving sideways and consolidating on its lows after the massive drop last June 2022.

![chart one](https://imagedelivery.net/HML6qmlXDXx6EPV6zNm9VA/01f4a48e-78f7-4b7c-2dc9-50fd432df300/public)

From the Bitcoin chart, you can clearly see that after the large drop that happened last June 2022, we are now seeing it move sideways without much fanfare. 

The current support is at 18,360 with the main resistance at the 24,535 mark. Given that we have bounced the 18,360 mark over the past few weeks, if you are the type of person that would want to trade the range it would be prudent to wait for it to retest the 18,360 mark again before entering. Please do wait for confirmation that the 18,360 level is holding if you opt to come in because if the 18,360 level does not hold we could see BTC decline further but if the 18,360 level holds it will just further confirm the current sideways movement that we have.



Nothing significant upward will happen to BTC until we see it breakout of 25,535. Another way to confirm this resistance is to look at the 200 Day Moving average, which is a very long and strong moving average, the 200 Day Moving Average sits close to the 25,535 resistance. So all eyes are at the 25,535 resistance right now as that could be a point where more people could sell or that could be a point where we could see greater upward movement for Bitcoin, should it breakout.



Please remember that Bitcoin has not gone above the 25,535 level since June 2022 and it has been sitting in the same range for the psat 5 months. 

Bitcoin is still moving sideways and consolidating on its lows after the massive drop last June 2022.

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