(7/23, Fri) btc closed over 100MA of 4hr chart since 7/11

Yesterday(7/22 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $32105, its lowest as $31709, its highest as $32594, its closing as $32296. After starting on Thursday, Bitcoin flattened out, reaching a low at 09:30 and then rebounding, reaching a high at 15:45, and then declining to close a final strong flat.

If you look at the 4-hour chart, you can see that btc closed above the 100 MA in 11 days after breaking the 100 MA for a moment on 7/11, it is enough to raise expectations again. What btc market need to keep this momentum going will be couple good news and trading volume, as I said yesterday.

As a news on the cryptocurrency market, it is said that JPMorgan is allowing all its clients to invest in cryptocurrency trusts such as Grayscale, which I think is the best thing to do before waiting for the SEC to approve a Bitcoin ETF. If customers can easily access cryptocurrency investment in any form, the funds from more investors will flow into the cryptocurrency market, which will naturally expand the size of the cryptocurrency market and boost the price of Bitcoin.