Aug 8: #Bitcoin: $BTC on fire. BTC continue on bullish path and price reached near 50% from July dip. BTC also give breakout on downtrend line on chart and price testing resistance MA 200 at $44911. MA200 is powerful resistance in chart and worked as major resistance in 2018 and not allowed btc to breakout. If btc breakout above $45000 and give daily and weekly closing above it, than it will be very bullish.
Same time major discussion going on Washington, among USA senators on Amendment on Infrastructure bill. We saw discussion on Saturday and it will continue on Sunday. Amendments and voting will increase volatility on both side on Sunday night as per Asia specific time. We will continue post major update on Infrastructure bill on our channel.
Now downside $btc have strong support at $40k and weekly closing above $42k will make btc more bullish.
#ASH
