Bitcoin printing higher lows – what’s next?
The bitcoin price is trending upwards. Recently, we’ve seen a series of higher lows, and $24k has emerged as the new resistance level.
Aug 2nd 2022
After struggling with $24k two weeks ago, this level was again tested this weekend. The price climbed to a new local high of $24,666 but quickly returned to the $23k level.
We’ve seen a series of higher lows since the bitcoin price changed direction in mid-June. The $20,700 level (last week’s low) is now key to watch for this trend to continue. If bitcoin were to fall below $20,700, it would mark a lower low and technical be a bearish signal.