BTC review dated 18.05.2023

18.05.2023

2301

1 min

BTC (4H)

Yesterday, bitcoin recovered to $27 500 after US President Joe Biden assured that there would be no default in the country. The chart also shows that local resistance has formed at the level of $27 500, which is still an obstacle to further growth of the asset.

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.