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Bitcoin / TetherUS
Aug 21, 2023
BTC update
5
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🔹Bitcoin faces difficulty in surpassing the $26,600 resistance.
🔹Initiated a recovery from the $24,800 support.
🔹Successfully reclaimed levels above $25,000 and $25,500 resistances.
🔹Weekly candle concluded as anticipated, displaying a red close.
🔹Immediate significant support resides around the $25,600 mark.
🔹Potential breach below $25,600 might propel the price into a bearish trend.
🔹In such a scenario, the price could decline towards the $25,000 threshold.
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.DYOR
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