Bitcoin (BTC) Defends Long-Term Support Level

Bitcoin (BTC) decreased slightly during the week of July 7-12, trading in a range between $35,293 and $32,077.

It has broken out from a short-term descending parallel channel and is now trading inside an identical pattern in the medium-term.

Bitcoin defends long-term support

BTC decreased slightly during the week of July 7-12. It proceeded to reach a low of $32,077 before rebounding slightly and closing at $34,258.

It has been trading above the $32,400 horizontal support area since May 19. While…


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