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Bitcoin (BTC) Continues Hovering Near $22,700 Support

Bitcoin (BTC) has failed to initiate any sort of upward movement after breaking out from a short-term descending wedge.
Bitcoin has been increasing above an ascending support line since June 18.
Throughout this period, the daily RSI, which is still above 50, has also been following an ascending support line (green).
Sponsored SponsoredThere is a strong support level near $21,750, created by the ascending support line and a horizontal support area.
This is a crucial level because the 0.618 Fib retracement support level at $22,225 could cause a bounce, but there is no horizontal support below it until $20,700.

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

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