BTC review dated 10.08.2022

10.08.2022

259

1 min

Bitcoin (4H)

Despite another unsuccessful attempt to break through the resistance of around $24 000, the overall situation remains positive. On the asset’s chart, one can see that it is pushing its lows toward the resistance level and forming a bullish triangle pattern. This may indicate that at the moment bitcoin is gaining volumes, trading in a narrow range, for further consolidation above $24 000.

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