BTC review dated 20.07.2022

20.07.2022

287

1 min

Bitcoin

On the daily timeframe, one can see the implementation of the wedge upward. Now the bitcoin rate has approached an important resistance of around $24 000. In case this level is broken, the way to $26-27 000 opens. If the asset fails to overcome resistance, one should expect a bounce to the upper edge of the wedge ($22 000), which may provide support.

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.