Weekly crypto market analysis with Geco.one 30.08.2021

The price of bitcoin increased between 20 July and 23 August this year by almost $ 21,200, over 72 per cent. Such a significant appreciation meant that the exchange rate of the oldest virtual currencies broke several critical resistance zones and was temporarily above $ 50,000, which was the highest level since mid-May this year.

However, the BTC price did not stay at this level for too long. For several days it has been fluctuating slightly below this zone, creating a correction which is a kind of market rebound after earlier increases.

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