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#Bitcoin Update (Continue) Bitcoin price is currently trading | Axel Traders™

#Bitcoin Update (Continue)

Bitcoin price is currently trading below $23,200 and its 100 hourly simple moving average.

There is a strong resistance near the $23,250 zone.

A key rising channel is forming with support near $23,000 on the hourly chart.

The next major resistance is near the $23,250 zone.

A clear move above the $23,250 resistance could result in the price rising towards the $23,650 level.