1 min

Bitcoin (2H)

The theory has been confirmed, according to which now (already former local uptrend) acts as resistance. Bitcoin’s rate tried to return above this trendline but was pushed back. This means that bitcoin is now locally in a bearish trend.

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.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy