BTC review dated 26.08.2022

26.08.2022

226

1 min

Bitcoin (1H)

As expected earlier, bitcoin will be in a sideways movement for some time. This time is necessary for the asset to trade and consolidate (a set of volumes). In the short term, bitcoin broke out of the uptrend and returned to the fall again. The support is at the $21 000 level. It is likely that in the near future the rate of the cryptocurrency will fall to this mark.

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.