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28/07/2022

Bitcoin Price Analysis: BTC Refreshes One-Week High above $23,400; Right Time To Buy?

Today’s Bitcoin price analysis implies a consolidation following the previous day’s impressive gains. The price opened lower and traveled to touch the intraday high of $23,455, which acted as a strong resistance for the price as it coincided with the critical 50-day moving average. BTC retrace mildly to the lows of $22,580 but recovered sharply, indicating the emergence of the buying impulse near the lower levels.

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