1 min

Bitcoin (4H)

In the coming days, one may see the denouement of the last few months. Bitcoin’s rate is squeezed in a narrow channel between the local uptrend and resistance level around $24-25 000. The asset continues to show higher highs and higher lows, which indicates the superiority of buyers. Bitcoin will likely break out of the current situation upwards and open new targets around $26 000 and $28 000.

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.

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