BTC review dated 12.08.2022

12.08.2022

169

1 min

Bitcoin (4H)

Yesterday (August 11), the bulls failed to break through the resistance around $24-24 500. Bitcoin’s rate exceeded $24 900, but the asset failed to consolidate at this level. It is likely that in the near future bears will try to push the bitcoin price to the local trend, which passes near $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.