BTC price battles 200-week moving average after $930M Tesla Bitcoin sale

Cointelegraph

Published Jul 21, 2022 06:11AM ET

Updated Jul 21, 2022 08:20AM ET

Bitcoin (BTC) staged its first test of critical support on July 21 as news that Tesla (NASDAQ:TSLA) had liquidated most of its Bitcoin holdings subsided.

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

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD focusing on the $22,800 zone after dropping from multi-week highs of $24,280 on Bitstamp.

BTC/USD 1-day candle chart (Bitstamp) with 50, 200-day moving average. Source: TradingView
Bitcoin exchange reserve chart. Source: Glassnode

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