BTC review dated 05.08.2022

05.08.2022

219

1 min

Bitcoin (1H)

The move in a narrow channel continues. Bitcoin’s rate once again hit resistance at the level of $23 500. If the price of the asset does not overcome this level, it will begin to decline to the lower edge of the channel.

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.