Daily Technical Report 15-8-2024

Technical Analysis

By Shady Fouad On Aug 15, 2024

BTCUSD

Bitcoin is trading above the support area of $57,000, and it is likely that prices will bounce higher in today’s trading. This scenario would be invalidated if the mentioned support area is broken to the downside.

Support	57000	53800	–
Resistance	59500	61555	63800

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Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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