Bitcoin bulls miss key resistance flip as BTC price sheds 8%

Cointelegraph

Published Jul 21, 2022 11:22AM ET

Updated Jul 21, 2022 11:00PM ET

Bitcoin (BTC) extended losses on the July 21 Wall Street open after a key resistance level failed to hold as new support.

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

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to $22,340 on Bitstamp after the opening bell, down 8% from its local top.

U.S. dollar index (DXY) 1-hour candle chart. Source: TradingView
ETH/USD 1-hour candle chart (Binance). Source: TradingView

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