BTC review dated 07.03.2023

07.03.2023

468

1 min

BTC (1H)

An ascending triangle is forming on the hourly timeframe. At the moment, the lower edge of the triangle is around $22 400. The upper edge and resistance are at the $22 500 mark. Judging by the fact that the bitcoin rate is locked in a narrow range, the denouement and impulse movement may occur in the coming days.

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.