BTC review dated 20.05.2022

Follow us on telegram

BTC review dated 20.05.2022

20.05.2022

405

1 min

0

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.

Author:

Editorial GetBlock Magazine

Useful material?

Telegram Newsletter Twitter

#Bitcoin

Articles

“There are no competitors so far.” What is the scale of Binance's influence on the crypto market

How the largest cryptocurrency exchange’s initiatives help it maintain its leadership

Nov 19, 2022

Articles

What is CHZ. What fan tokens are growing before the World Cup

What fan coins are needed for and what events contribute to their growth

Nov 16, 2022

Articles

Proof-of-reserves. Which exchanges confirmed their solvency after FTX’s collapse

Why Binance set the trend to publish transparent data on available funds

Nov 14, 2022

Articles

“Accidental” transfers. Where did FTX’s billions go

The journalists got acquainted with the documents revealing the details of the financial condition of the exchange

Nov 13, 2022

Articles

Life-saving Bahamas. How to withdraw money from the FTX exchange

Desperate traders with stuck assets resort to semi-legal schemes to save deposits

Nov 11, 2022

Articles

A year ago, bitcoin was worth $69 000. When BTC will be able to update its all-time high

Experts predict when to expect new peaks of the crypto market by analyzing its previous cycles

Nov 10, 2022