BTC review dated 26.05.2022
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.