Bitcoin’s<\/a> recovery from last week’s lows is grappling with its early June high at $110,617.03.<\/p>\n\u200bIf overcome on a daily chart closing basis, the resistance area between the May high and early August low at $111,982.45 – $111,965.80 would likely be next in line but may, at least short-term, cap.<\/p>\n
\u200bFor the medium-term bullish trend to resume a rise above the late August high at $113,510.23 would need to occur.<\/p>\n
\u200bBitcoin bearish scenario:<\/p>\n
\u200bSupport below the 26 August low at $108,757.90 comes in at last week’s lows at $107,412.82 – $107,286.25.<\/p>\n
\u200bWere this support area to give way on a daily chart closing basis, the early July low at $105,105.03 may be revisited.<\/p>\n
Bitcoin daily candlestick chart<\/p>\n","protected":false},"excerpt":{"rendered":"\u200b\u200b\u200bBitcoin rallies off support \u200bBitcoin bullish scenario: \u200bBitcoin’s recovery from last week’s lows is grappling with its early…\n","protected":false},"author":2,"featured_media":40124,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[79,18,19,17,188],"class_list":{"0":"post-40123","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-markets"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/40123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=40123"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/40123\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/40124"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=40123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=40123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=40123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}