BTC review dated 11.08.2022

11.08.2022

249

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.