Bitcoin and Ripple’s XRP – Weekly Technical Analysis – August 16th, 2021

Bitcoin

Bitcoin, BTC to USD, rose by 7.40% in the week ending 15th August. Following a 9.83% gain from the previous week, Bitcoin ended the week at $47,022.0.

A mixed start to the week saw Bitcoin fall to a Monday intraweek low $42,790.0 before making a move.

Steering clear of the 38.2% FIB of $41,592 and the first major support level at $38,991, Bitcoin rallied to a Saturday intraweek high $48,141.0.

Bitcoin broke through the first major resistance level at $46,923 to end the week at $47,000…


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