Month: August 2022

Bitcoin continues its effort to break above the $25K resistance level, retested 25k for the first time in 2 months but couldn't hold above it. Overall, this is an encouraging action.

BTC has been overall bullish from a medium-term perspective for the past two weeks. After creating multiple higher highs and higher lows over the last few weeks, the market has shown signs of strength, indicating that a bullish trend is shaping, at least in the short-term.

Following strong weekly double-digit gains from Bitcoin and Ethereum, cryptocurrency market cap has hit $1.02 trillion (first time since 6 months ago). Price of BTC/USD climbed close to a one month high, rising 5% in the last 24 hours to $22,300.