Bitcoin Technical Analysis: BTC/USD Recovery Buoyed by USD Weakness - DailyFX


8/1/2022 12:00:00 AM2 years 9 months ago
by Tammy Da Costa

Bitcoin prices have rebounded from the June lows. After two consecutive weeks of gains, USD weakness may support BTC further if risk-on sentiment holds.

Crypto Talking Points:

  • Bitcoin recovery stalls after two week rally
  • BTC/USD enters a confluent zone between key Fibonacci levels
  • USD weakness boosts demand for alternative as… [+1773 chars]

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