11.08.2022

198

1 min

Bitcoin (1H)

Yesterday (August 10), bitcoin rose sharply to $24 000 after the publication of data on the slowdown in consumer inflation in the United States. On August 11, the asset continued to grow and exceeded $24 600. However, bitcoin is still in a range of strong resistance. In order to continue growing, the asset needs to consolidate above $24 700. If that does not happen, there is a high probability of a pullback to $23 000.

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.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy