Bitcoin’s recent uptrend has paused temporarily upon arriving at the major swing level of roughly $22.8K. Although there are some bullish signs based on the on-chain analysis, there is a significant resistance region ahead in Bitcoin’s path. The market appears to be looking for direction as the price has now reached a critical resistance zone. The descending trendline had been supporting the price until Bitcoin experienced a sudden cascade and dropped below it in late June 2022. This trendline then turned into a substantial resistance level and has rejected the price ever since. However, Bitcoin has initiated a surge ... (full story)