BTC review dated 08.05.2023

08.05.2023

2272

1 min

BTC (4H)

Bitcoin’s dynamics in recent days shows that the asset is in the correction stage after reaching the $31 000 mark. The formed short-term downtrend does not allow bitcoin to return to growth yet. After falling below $28 500, the asset needs to find support again to make an attempt to break through the downtrend.

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.