BTC review dated 01.12.2022

01.12.2022

168

1 min

BTC (4H)

Bitcoin has consolidated above the $17 000 mark after the US Fed chair acknowledged the need to slow down the key rate hike. The level of $16 800, which previously acted as resistance, now may act as support. Bitcoin is likely to test it in the near future.

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.