The price of Bitcoin formed its maximum at $24,700 on July 30. Yesterday, the last day of July, we saw another price pullback, and the price failed to hold above $24,000. This was followed by a continuation of the withdrawal to the $23,000 level, where we have some support for now. The MA20 and MA50 moving averages are again on the bearish side, while the MA200 gives us support at the $23000 level. For a bullish option, we need a new positive consolidation and a new retracement above $24000. With the continuation of bullish consolidation, we could retest last month’s high. The psychological resistance zone is at a ... (full story)