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Canadian Prime Minister Carney: While the military action taken by the United States last night is intended to alleviate this threat, the situation in the Middle East remains highly unstable. Stability in the region is a priority.Canadian Prime Minister Carney: Irans nuclear program is a serious threat to international security. Canada has consistently made it clear that it will never allow Iran to develop nuclear weapons.On June 22, local time, Iranian President Pezhichyan condemned the US attack on Irans nuclear facilities. He pointed out that this act of aggression fully demonstrated that the United States was the mastermind behind Israels hostile actions against Iran. Pezhichyan also said that although the Israeli attack caused heavy losses to Iran, now is the time to put aside differences and activate the huge potential of the whole people. The Iranian people have repeatedly shown that they are never afraid and never back down in order to defend the territory and dignity of their motherland.On June 22, local time on the 22nd, Efe Devlin, a spokesman for the Israeli Defense Forces, said that the U.S. strike on Irans nuclear facilities that morning was carried out in coordination with the Israeli Defense Forces. Since the outbreak of the Israeli-Iranian conflict, Israeli Chief of Staff Zamir has maintained continuous communication with the Chairman of the Joint Chiefs of Staff of the U.S. Army, Dan Kane, and the Commander of the U.S. Central Command, Kurilla. The two sides have maintained coordination for a long time, and have become closer recently. Devlin pointed out that the Israeli militarys current military strikes on Iran are still continuing, and reiterated its three major operational goals: to eliminate threats to Israels survival, to undermine Irans nuclear program, and to destroy its missile system.According to Irans Nour News: An Iranian power plant in Yadzd was attacked by airstrike.

Bitcoin Slices Through Key Technical Price Level, Where is the Bottom?

Jimmy Khan

Jun 14, 2022 11:59

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Bitcoin prices have dropped below a critical support level that has previously functioned as the bottom of prior bear markets. In prior market cycles, the 200-week moving average has been a significant level of support for long-term Bitcoin price fluctuations.


During the Tuesday morning Asian trading session, BTC prices fell through this critical barrier, falling to slightly over $21,000. According to Tradingview, the 200-week moving average was around the $22,000 price level, but it has failed to hold, with prices now lingering at $21,883.


Josh Rager, a trader and analyst, saw the change and tweeted "help us all" on June 14.


"Structural macro flows are so against us, it likely only matters when the risk-tides change," Chris Burniske, a partner at Placeholder VC, said of the ramifications of breaking through such a strong level of support: "Could be entering pretty new bear territory for crypto shortly here." The battle on the marketplace is far greater than we are."

Unprecedented Fear

Bitcoin is presently down 69 percent from its all-time high in November, and prior bear markets have had declines of more than 80%, so there might be more agony ahead. If history repeats itself with this crypto winter, BTC might fall to about $13,000.


This cycle looks to be unique in comparison to prior ones. With soaring inflation and a cost-of-living crisis, the whole world is in economic distress. Few people have the financial means to invest in anything, and fear and skepticism are at all-time highs.


"Realize how little this crypto dump has to do with Celsius and the stETH issue and everything to do with the overall panic in risk assets (equities and crypto alike) and broken charts," analyst Alex Krüger said, confirming the idea that there was widespread concern.


Because the patterns and signs have not been followed to this time, a lot of conventional technical analysis (TA) has been made ineffective.


But it's not only bitcoin that's been pounded; equities in general have been hammered as well.

Where Does Bitcoin's Bottom Lie?

With TA in a FUBAR condition, predicting the moves of crypto markets over the next several months has become difficult. Nonetheless, it's reasonable to assume that the bears aren't done yet.


For the first time since January 2021, the overall market capitalization has dropped 70% to below $1 trillion, making the previous peak of $830 billion in January 2018 appear not so far away.

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