28.05.2022

152

1 min

Bitcoin

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.

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