New higher high for Bitcoin. Eyes $26,700 support. (Bitcoin Price Analysis)

Bulls appear weak as investors wait for the FED to finish with the rate hikes.

  • Today, August 11, 2022, BitCoin reached a new higher high, at $24,992.
  • CPI data came out better than investors expected, pushing BitCoin to a new higher high.
BitCoin Daily Price
  • On the Daily price chart, BitCoin remains below the previous low of $26,700.
  • The trend appears to be upwards, heading toward the support level of $26,700.