empty
 
 
30.12.2022 04:52 PM
Weekly analysis on Bitcoin for the end of 2022.

This image is no longer relevant

Bitcoin continues to trade sideways over the last two months with no real progress. Price continues to trade near the 2022 lows at $16,600. Medium-term trend remains bearish. Bitcoin is well of its all time highs having suffered by the scandals in the crypto market. Technically Bitcoin remains in a bearish trend with no sign of a reversal. The most probable outcome would be for Bitcoin price to break the recent sideways consolidation move to the downside. Resistance remains key at $21,180. Bears remain in control of the trend. As long as we trade below this level bears are in control.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback