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Learning & News => News related to Crypto => Topic started by: newshunter on July 20, 2022, 07:00:28 PM

Title: Bitcoin price moves toward $24K and traders expect further upside, after a support retest
Post by: newshunter on July 20, 2022, 07:00:28 PM

Bitcoin price moves toward $24K and traders expect further upside, after a support retest

BTC price is racing toward $24,000, but analysts warn that a lower support retest is needed to confirm the strength of the current breakout.

Source: Bitcoin price moves toward $24K and traders expect further upside, after a support retest (https://cointelegraph.com/news/bitcoin-price-moves-toward-24k-and-traders-expect-further-upside-after-a-support-retest)

Would appreciate your opinion about this

Title: Re: Bitcoin price moves toward $24K and traders expect further upside, after a support retest
Post by: Senin on July 20, 2022, 07:48:46 PM

Well, the price of bitcoin is now at $23,673, with a price increase of almost 20 percent in the last week. This is pretty good with cryptozyme. Truth,
ethereum is now surprising, the price of which has risen by almost 50 percent in a week. This growth is explained by the upcoming update of this network. It remains to observe the market for some time to be able to draw some conclusions.

Title: Re: Bitcoin price moves toward $24K and traders expect further upside, after a support retest
Post by: cheezcarls on July 21, 2022, 03:00:13 PM

As of this time it’s now below $23k and it’s likely we’re headed for a support retest. Some possible reasons of a slight decline is because of Tesla sold 75% of their BTC already and ETH 2.0 was been delayed once again. This would be interesting for us to see where it is heading in the coming days.