16.11.2022

297

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.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy