BTC review dated 16.11.2022

16.11.2022

306

1 min

BTC (4H)

Bitcoin is attempting to consolidate above the broken local downtrend. Also on the chart, the “double bottom” pattern can be seen. In case of a successful breakout from the local downtrend, BTC opens the possibility of growth to the resistance of around $18 500.

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.