“Bitcoin is is range bound at the moment,” said Nauman Sheikh, managing director at investment advisors Wave Financial, told CoinDesk TV’s First Mover program. “It’s hit a $25,000, sort of resistance level. So has Ethereum hit a 2000 resistance level. We’re in a mode where the macro environment is supportive of the market, and we’ll retest those resistance levels and hopefully break.”
Source: https://www.coindesk.com/markets/2022/08/19/first-mover-asia-bitcoin-sinks-below-23k-south-koreas-bumpy-crypto-path-forward/?utm_medium=referral&utm_source=rss&utm_campaign=headlines