BTC review dated 12.07.2022

12.07.2022

253

1 min

Bitcoin

A wedge is forming within the 4-hour timeframe. The overall situation resembles the sideways movement of bitcoin before the last collapse. In the event of another negative market event, such as the release of US consumer inflation data, bitcoin is likely to collapse again.

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.