Bitcoin price nears critical 200-week moving average as Ethereum touches $1.5K

Bitcoin (BTC) hovered at $22,000 at the July 18 Wall Street open as analysts warned that bulls would not break resistance in one go. BTC/USD 1-hour candle chart (Bitstamp). Source: CoinPrice.Watch Can Bitcoin win back bear market support? Data from Cointelegraph Markets Pro and CoinPrice.Watch showed BTC/USD returning to consolidate after hitting highs of $22,500 on Bitstamp. That level represented the start of sell-side positions on exchanges clustered around the 200-week moving average (WMA), a key area which commentators argued would be hard to crack. “Not expecting continuation on Bitcoin, at this point, as we’re facing 200-Week MA & range resistance,”