BTC review dated 04.10.2022
Short-term, bitcoin forms a bullish pattern. On the daily timeframe, an uptrend can be drawn. In this, bitcoin’s rate is approaching the global downtrend, within which the asset has been moving since the end of last year. In case of breaking through the global downtrend, one can expect a slight rally, which may coincide with the traditional pre-New Year’s asset growth.
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.