BTC review dated 11.11.2022

11.11.2022

176

1 min

BTC (4H)

After the publication of data on the slowdown in consumer inflation in the United States, bitcoin was able to recover to $18 200, which now is the resistance level, which previously was the support level. Despite this, the market is still under pressure from the unresolved FTX situation. Therefore, volatility in the market will increase when important news appears. It is also worth being ready for sharp fluctuations in the bitcoin rate both upward and downward.

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.