Bitcoin ready to attack key trendline, says data as BTC price holds $20K

Bitcoin ready to attack key trendline, says data as BTC price holds $20K

Bitcoin (BTC) consolidated higher on July 16 after the Wall Street trading week finished with modest gains for United States equities.

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

Can Bitcoin bulls reclaim the 200-week moving average?

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging between $20,500 and $21,000 into the weekend.

The pair thus preserved the majority of its comeback from the week’s lows, these following shock U.S. inflation data and…


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