BTC review dated 06.06.2022

06.06.2022

194

1 min

Bitcoin

Another upward momentum and a breakout of the resistance level around $31 000 can be seen. However, it is too early to talk about consolidation, and in the near future, the price of the asset may fall below $31 000. Judging by the market dynamics, bitcoin has already started to form a global bottom. However, this process may take longer than a month. In addition, there is still a probability of a decrease to $25-26 000 in case of global negative factors.

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.