Bitcoin dips to $22.6K, risking further losses if it fails to hold above 200-week MA By Cointelegraph

The mood across the cryptocurrency ecosystem is noticeably brighter on July 22 after a week of gains helped traders put the events of the past two months behind them and look towards a positive future.

Date from Cointelegraph Markets Pro and TradingView shows that the price of (BTC) has been oscillating around support at $23,000 over the past couple of days and continues to hold slightly above its 200-week moving average (MA), which has been a reliable indicator of bear market bottoms in the past.