Bitcoin price retests key $22.8K as metric points to ‘BTC buying spree’

Bitcoin (BTC) returned to base on Aug. 4 as higher levels gave way to a battle for the 200-week moving average (MA).

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

Battle for classic Bitcoin price trendline rages 

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling to repeatedly test the key bear market trendline as support.

The day’s Wall Street open provided only a brief change in the mood, with the pair spiking above $23,000 before continuing previous…

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