The price of Bitcoin has found a range trend resistance zone!

23 Okt 2022

The volatility of the digital currency market has decreased significantly in the past day, and the volume of transactions in this market has also decreased due to the closure of other financial markets. The price of Bitcoin has found a range trend resistance zone. This resistance is in the range of $19,235 to $19,300, and due to the formation of a strong reversal with a long lower shadow, it is more likely to break this resistance. To better understand the continuation of the trend, we can consider an ascending channel in the 15-minute time frame. As long as the bottom of the channel holds, we can expect a break of the $19,300 resistance.