BitMidas

Bitcoin Trend Analytics August 4

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC went as high as $23657 and was rejected by resistance at $23743, which is diverted to $25853.50. Breaking up this resistance will end consolidation; breaking down $21768.94 will prolong the consolidation.

The crucial support of the day is $22490.46.

The support of the short-term bulls has diverted to $21768.94 at the beginning of a mid-term consolidation.

The crucial range this week is between $25813.19-$21533.93

The key support of the month is between $18217.13-$17613.07. Higher statistic support manifests bullish momentum and a lower level means cautious.


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