BTC review dated 17.08.2022

17.08.2022

297

1 min

Bitcoin (1H)

An attempt to return to the local uptrend and to test the $25 000 level again was unsuccessful. So far the asset has come to the support of around $24 000. One can notice the strong confrontation between bulls and bears in the range of $24-25 000. This is an important level, which can become the determining one for the nearest months.

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.