May 5, 2024

BTC review from 06/09/2022

BTC review from 06/09/2022

Bitcoin

The sideways trend is nearing its climax, and the range in which bitcoin is locked is getting narrower.Andprice impulses between key support and resistance levels are becoming more and more frequent. The appearance of another impulse that will bring the cryptocurrency rate out of the current flat trend is a matter of time.

Attention should also be paid to the dynamics of the S&P 500, as bitcoin retainshigh correlation with the index.

The material is not an investment recommendationand published for informational purposes only. Remember: technical analysis does not guarantee successful trading, as it is based only on historical data.