BTC review dated 08.02.2023

08.02.2023

172

1 min

BTC (1H)

The bulls managed to defend the lower edge of the ascending channel, as well as to break the descending local trend line. Fed chief Jerome Powell’s speech after which the surge of volatility was observed, did not prevent them. In the near future, BTC’s return to resistance around $24 000 should be expected.

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.