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Bitcoin held at 22,700 resistance. Can buyers take the next step?

Published: 19.07.2022
by Joseph Jeffriess

Hi and thanks for stopping by to watch today’s update. Today we’re looking at Bitcoin on the 4H after a few days of solid buying, and a few rejected pushes higher. Yesterday’s things looked bright for bitcoin and the top ten as it looked like buyers here hit on the case, and we saw plenty of solid gains across the boards.

Things changed in the NY session as sellers moved in and knocked prices lower. This was short-lived as we saw fresh demand hit the markets this morning. Bitcoin retested resistance but has stalled once again, with sellers taking price back below 22,000. In today’s update, we break down resistance and price action we are watching with the current trend structure. If buyers can hold 21,480, could we see a new shot at resistance?

Feel free to let us know your thoughts, and we wish all a happy Tuesday and good trading. Our Bitcoin update video is just below the 4H Bitcoin chart.

Bitcoin 4H

Bitcoin Update Video (powred by TradingView)

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