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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.




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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.


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