June 17 BTCUSD BingX Chart Analysis and Today's Headline

Following a double bottom retest, BTC has been exhibiting a standard trend structure. It experienced a bottom reversal, breaking above the neckline and retracing within a converging triangle. The latest breakout indicates an upward movement, with resistance near $27,000 and the price hovering around $26,000. Currently, the formation suggests a converging triangle without a clear reversal structure. If the subsequent trend is characterized by oscillating declines rather than a rapid descent, $25,500 is likely to serve as the final support level.

Today’s Cryptocurrency Headline

Crypto Payments Firm Wyre Is Shutting Down

Cryptocurrency payment company Wyre has announced on Twitter that it will be shutting down soon. The decision, according to Wyre, is made in the best interests of its primary stakeholders and customers and is not a result of any regulatory directives. Wyre reassures its customers that the security of their assets will continue to be protected. Users with assets on the Wyre platform can withdraw their funds through the Wyre dashboard until July 14th, after which a separate process will be in place to recover any remaining assets on the platform.

Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.