top of page
  • Writer's pictureCryptofool

Technically speaking: BTC Short term trend

Updated: Aug 22, 2022

After a sharp sell off, short term chart are in oversold condition. I would expect a minor bounce to 22 - 22.5K level. I wouldn’t expect a reversal. However, in the medium term there is a chance that we will see a rally towards 30K.

The longer time frame is a range between 19 - 22K. Whichever way it breaks out we will see a major move. Lets not forget, the main trend is down and the chances are that the price will move lower are a lot higher. If the price breaks above 22K, there is a high chance of seeing a further advance towards the 30K. On the opposite side, breaking below 19K, opens a clear path down to 13 -14K.

Buy BTC?

Please note, we’re not offering any financial advice. It’s worth researching the topics of cryptocurrency, trading, and investing on your own or reaching out to professional advisors.

4 views0 comments

Recent Posts

See All


Rated 0 out of 5 stars.
No ratings yet

Add a rating
bottom of page