\u200b\u200b\u200bBitcoin nears record high
\n\u200bBitcoin bullish scenario:<\/p>\n
\u200bOn Monday 11 August,\u00a0Bitcoin<\/a> revisited its 161.8% Fibonacci extension of the 2019 to 2021 advance, projected higher from the 2022 low, at\u202f$122,056.92.<\/p>\n \u200bIt briefly overcame this technical level and reached $122,318.66 before slipping back below the Fibonacci extension level.<\/p>\n \u200bA rise above the $122,318.66\u202fhigh would likely push the mid-July $123,181.77 record high back to the fore. If overcome, the next higher\u202f161.8% Fibonacci extension at $143,519 might also be reached medium-term.<\/p>\n \u200bMinor support<\/a> below the 17 July high at $121,012.09 can be spotted at the 15 July low at $120,271.13. Further down lies the 28 July high at\u202f$119,836.23 which may also act as potential support.<\/p>\n \u200bBitcoin bearish scenario:\u00a0<\/p>\n \u200bIn case of a bearish<\/a> reversal<\/a> and fall through Monday’s $119,028.78 intraday low taking place, the 7-to-9 August highs at $117,921.57-to-$117,701.33 are likely to be revisited but may act as support. If not, the 22 July low at $116,195.25 may be reached as well.<\/p>\n Bitcoin daily candlestick chart<\/p>\n","protected":false},"excerpt":{"rendered":"\u200b\u200b\u200bBitcoin nears record high \u200bBitcoin bullish scenario: \u200bOn Monday 11 August,\u00a0Bitcoin revisited its 161.8% Fibonacci extension of the…\n","protected":false},"author":2,"featured_media":226715,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,2441,16,15],"class_list":{"0":"post-337338","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115013517578061890","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/337338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=337338"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/337338\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/226715"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=337338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=337338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=337338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}