BTC review dated 11.06.2022

11.06.2022

261

1 min

Bitcoin

Yesterday the bitcoin rate broke out of the wedge that has been forming for the past month. This followed the publication of statistics on US inflation, the highest in 40 years. However, a strong momentum drop did not follow. From this, it can be assumed that the breakout from the wedge may be false and bitcoin will return to a narrow range in the coming days. If that does not happen, the cryptocurrency rate will continue to decline.

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.