Monday, July 26, 2021
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Bitcoin Target Additional Gains

The Bitcoin price stayed above the USD 18,000 support area in a bullish zone. There were a few swing movements in the BTC. The resistance peaks of USD 18,350 and USD 18,500 were failing to clear up yesterday. However, the stock is currently trading just above USD 18,500 (13:00 UTC) and it seems as if the bulls are looking for a clear break above USD 18,800.

In bitcoin rates, there were mainly positive changes over the USD 18,000 support. Yesterday, BTC made a pair of attempts above USD 18,300 and USD 18,350 to build bullish momentum, but it failed. The price was trapped in a range and it seemed like the bulls would make another effort to clear up the resistance ranges of USD 18,350 and USD 18,500 which it happened today.
there is a risk of a sharp downside correction below USD 18,100 and USD 18,000. The next major support is near USD 17,750, below which the price could revisit the USD 17,500 support.

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