BTC review dated 16.05.2023

16.05.2023

2225

1 min

BTC (1D)

Many people pay attention to the “head and shoulders” reversal pattern, which is formed on a daily timeframe. However, it is too early to talk about the completion of the pattern formation, because it requires the asset’s rate to fall below the level of shoulders, i.e., below $26 500. This will likely happen soon.

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.