BTC review dated 20.05.2022

20.05.2022

198

1 min

Bitcoin

On the hourly timeframe, it can be seen an inverted head and shoulders, which could indicate a change in trend. The figure was realized at just around the $29 000 support level. The local uptrend line, which bitcoin broke yesterday (May 19), now acts as resistance and restrains the asset’s rate.

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.

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