BTC review dated 26.05.2022

26.05.2022

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1 min

Bitcoin

On the hourly timeframe, a descending triangle pattern can be seen. If it materializes, the bitcoin rate is likely to fall below $29 000. As the asset is locked in a narrower range, impulsive movements both upward and downward 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.