BTC review dated 06.01.2023

06.01.2023

146

1 min

BTC (1D)

On the daily timeframe, one can see that bitcoin for the last few months has been “stuck” at the level of $16-17 000. It is quite possible that in this range there is a trading breakdown, which is typical for the end of the bear market and the formation of the bottom. Historical data shows that such trading can last for about half 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.