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
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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.
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,