Bitcoin has been bearish in anticipation of the possible chain split on the 1st of August. Day traders and Swing traders could make use of this chart to make trade decisions.
If BTC breaks the support line on 2200, then we are in for a massive fall back to 2000 USD and possibly to 1600 USD.
And if the price bounces on the support, then it could hit the resistance and continue falling down.
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