BTC review dated 02.09.2022

02.09.2022

202

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.