Bitcoin remains for a third day around $21,300 Download your MetaTrader Expert Advisors for MT5 / MT4 trading strategy Maintenance RobotFX

Bitcoin remains for a third day around $21,300

RobotFX August 23, 2022 0 Comments

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Black line -resistance

For a 3rd day Bitcoin price has made no real progress. After the sharp sell off from $24,000 to $20,800 Bitcoin has paused the decline and price is moving sideways. Bottoms are not formed in this way and that is why I give very little chances that we have seen the low in Bitcoin price. Bitcoin remains vulnerable to new lows below $17,600 as long as price is below the major resistance trend line. Bitcoin remains in a sideways price action with a slight positive slope. Bitcoin buyers will get another chance to buy Bitcoin at lower levels. This remains our key scenario.

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Bitcoin remains for a third day around $21,300

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