Additionally, the Average True Range (ATR) for BTC prices has been in decline since mid-June, indicating a narrower trading range. Also of note is BTC’s 10-period moving average crossing above its 20-period MA, as well as BTC prices themselves briefly touching the 50-period moving average. The decline in volume, however, implies uncertainty, and we expect that investors are viewing the $23,000 range as an area of potential resistance.
Source: https://www.coindesk.com/markets/2022/07/21/market-wrap-bitcoin-stalls-at-23k-but-sits-above-cost-for-average-investors-purchase-price/?utm_medium=referral&utm_source=rss&utm_campaign=headlines