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Bitcoin Breaks Past Its 200-Week EMA towards $24,000, Further Upside Possible

Bitcoin has moved past its crucial resistance of 200-week EMA.
On Tuesday, July 19, the world’s largest cryptocurrency Bitcoin (BTC) made a strong move shooting towards $24,000.
As of press time, Bitcoin has gone past its 200-week EMA and is showing some partial retracement trading at $23,385 with a market cap of $446 billion.
The recent optimism around Bitcoin and the broader crypto space has given investors hope that the bottom could be in.
With the current move, Bitcoin has surged past its 200-week EMA at $23,000 which was proving to be a major resistance in the last few weeks.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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