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Bitcoin price passes $32K with traders wary of ‘relief rally’ if resistance stays By Cointelegraph

Bitcoin price passes $32K with traders wary of ‘relief rally’ if resistance stays

(BTC) passed $32,000 later on July 16 as positive reactions over Bank of America (NYSE:)’s (BoA) Bitcoin futures go-ahead continued.

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

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising 1.4% on the day to hit new local highs of $32,150 on Bitstamp.

BTC/USD 1-day candle chart with wedging structure. Source: Rekt Capital/ Twitter
1-hour candle chart (Bitstamp). Source: TradingView