BTC review dated 01.09.2022

01.09.2022

235

1 min

Bitcoin (1D)

The support level in the region of $19 000 has worked out again. Globally, the situation starts to resemble the formation of the bottom. However, there are no positive factors in the market yet. There is still the probability of the next collapse to $17 000 and, probably, lower. The formation of the global bottom may take from several months to a year.

The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.