600.
Bitcoin dips to $22.6K, risking further losses if it fails to hold above 200-week MA
The mood across the cryptocurrency ecosystem is noticeably brighter on July 22 after a week of gains helped traders put the events of the past two months behind them and look toward a positive future. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) has been oscillating around support at $23,000 over the past couple of days and continues to hold slightly above its 200-week moving average (MA), which has been a reliable indicator of bear market bottoms in the past. BTC/USDT 1-day chart. Source: TradingView As the debate about the market’s direction continues to rage, here are the important levels to watch heading into the weekend, according to analysts. Bitcoin needs weekly close above $22,800 The significance of Bitcoin trading abov...
