Cryptocurrency News

Bitcoin dips to $22.6K, risking further losses if it fails to hold above 200-week MA

07/23/2022

Less than a minute

2022.07.23 11:06

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.

07/23/2022

Less than a minute

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