Bitcoin price battles $23.5K resistance amid relief over Pelosi Taiwan trip

Bitcoin price battles $23.5K resistance amid relief over Pelosi Taiwan trip


Bitcoin (BTC) rose to daily resistance at the Aug. 3 Wall Street open as United States equities gained on relief over Taiwan.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewStocks gain as US dollar coils

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to the area just below $23,500, which had figured as resistance since the start of the month.

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The pair had previously held the same zone as support, and was now deciding on whether a new resistance/ support flip was on the cards.

For popular trader Crypto Tony, $23,500 was thus the price to watch to long BTC.

$BTC / $USD – Update

Keep it simple this morning on #Bitcoin ..

– Long above resistance at $23,500
– Short below support at $22,650 pic.twitter.com/onXXRvdXx8

— Crypto Tony (@CryptoTony__) August 3,

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