Bitcoin battles 2-month resistance amid ‘most hated’ stocks rally

Cointelegraph

Published Aug 11, 2022 05:46AM ET

Updated Aug 11, 2022 08:40AM ET

Bitcoin (BTC) pierced the top of a stubborn trading range on Aug. 11 as a decidedly awkward rally took hold of risk assets.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $24,750 on Bitstamp, marking its best performance since June 13.

ETH/USD 1-day candle chart (Binance). Source: TradingView

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