BTC review dated 16.08.2022
We closely watch the local trendline, which bitcoin is currently testing as support. In case of a rebound upwards, the asset can break through the resistance, which it has not been able to overcome for the last few months. If it breaks the support around $24 000, bitcoin’s rate may drop to the next important level of $22 000.
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.