1 min


The four-hour timeframe clearly shows a local downtrend. Moreover, the last 24 hours the bitcoin rate has been locked in an even narrower range of $28 6000-29 000. A decrease in volatility may indicate a near-term momentum, which, judging by the market dynamics, will go down.

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.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy