Bitcoin Finally Making Move Upwards
Usually we wouldn’t be excited to see Bitcoin in the $24,000 range but after this drought we’ve dealt with for weeks on end now, it is nice to see some light. Current price is $23,235. Predictions range from resitance at $28,000 to some saying we’ll see a further dip to $12,000:
Bitcoin price moves toward $24K and traders expect further upside, after a support retest
Crypto fans are rejoicing at the sight of green across the market on July 19 as the months of “down only” price action has finally come to an end after the market flashed its first substantial relief rally in at least a month.
Data from Cointelegraph Markets Pro and TradingView shows that much of the newfound excitement is the result of Bitcoin (BTC) breaking above resistance at $23,000 to hit a daily high of $23,447, its first meaningful move above the 200-week moving average.