A Daily Outlook: BTC/USD; Aug 23, 2022

Top Headlines on Digital Currency:

  • Bitcoin ATM manufacturer General Bytes had its servers compromised via a zero-day attack on Thursday that enabled hackers to make themselves the default administrators and modify settings so that all funds would be transferred to their wallet address – Investing.
  • Over the past seven days, EOS has seen a rise in value, as it gained 44.76%. The volume of EOS traded in the twenty-four hours to time of writing was $1.3558B or 1.98% of the total volume of all cryptocurrencies – Investing.
  • The Ethereum ecosystem continues to witness a flurry of activity that has individuals and organizations deploying token contracts, adding liquidity to pools and deploying smart contracts to support a wide range of business models – Investing.
  • Solana (SOL) and Avalanche (AVAX) fans are anxiously anticipating the next bull run hoping to double or triple their investment in a matter of months – Investing.

Technical View:

  • The BTC starts a new day on a flat note and stabilizes below $21,500 mark.
  • The pair made intraday high at $21,468 and low at $20,899 mark.
  • Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being.
  • A sustained close above $21,800 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $20,500 on H1 chart requires for the downside rally.
$20,500 $21,800
$20,000 $22,200
$19,750 $22,500
$19,500 $22,900
$19,100 $23,200


Take a look and do trade wisely!
Good Luck