BTC review dated 20.08.2022
If bitcoin manages to return above the local uptrend ($22 000), then yesterday’s downward breakdown could be considered false. However, this trendline may now act as a resistance. In this case, the value of bitcoin will continue to decline to the next support level near $20 000.
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.