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
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] full article...