BTC review dated 15.10.2022

15.10.2022

266

1 min

BTC (4H)

Bitcoin’s rate dropped to the global downtrend for a retest. If the trend line acts as support and keeps the asset’s price above $19 100, then bitcoin’s break out from the downtrend can be considered complete. However, this does not mean that the asset will return to growth in the near future. The most likely scenario is a sideways movement in the coming months for consolidation.

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.