1 min

Bitcoin (4H)

On the four-hour timeframe, one can notice the realization of another wedge, in which bitcoin has been for the last few weeks. Breaking through the wedge upwards (still incomplete) may indicate a trend reversal and return to growth. A positive factor is the support of around $19 000, which restrained bitcoin’s fall.

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.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy