BTC review dated 17.05.2023

17.05.2023

2215

1 min

BTC (1H)

On the hourly timeframe, there is an ascending structure, indicating that the support of around $26 500 helped the bulls stop the slide of the BTC price. It is worth paying attention to the decrease in volatility and trading volume. It may indicate that another momentum is coming.

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.