BTC review dated 19.10.2022

19.10.2022

241

1 min

BTC (1W)

On the weekly timeframe, we can clearly see the ribbon compression. Bitcoin’s volatility is at a minimum level, as illustrated by the candles of the last few weeks. The period of declining volatility also coincided with the testing of the global downtrend. In the coming days/weeks decoupling and impulse movements on the market can be expected.

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.