Bitcoin bulls defend $23K amid warning bear market rally ‘alive and well’

Bitcoin bulls defend $23K amid warning bear market rally ‘alive and well’

Bitcoin (BTC) tested $23,000 as support on the Aug. 1 Wall Street open with key moving averages in focus. 

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

200-week moving average gets big attention

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as bulls and bears battled for control amid a tight trading range.

Bitcoin had inspired with its highest weekly close since mid-June the day prior, with its monthly candle also producing the biggest gains since before…


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