Bitcoin price approaches potential springboard to $23K as DXY cools surge

cointelegraph.com:

Bitcoin (BTC) approached the July 6 Wall Street open near $20,000 as a fresh battle between support and resistance loomed.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD wedged in a tight trading range with liquidity creeping closer to spot on the day.

After recovering 6% losses from the day before, order book data confirmed that support and resistance was now almost shoulder-to-shoulder.

According to on-chain monitoring resource Whalemap, a cluster of whale positions between $20,546 and $21,327 meant that this large area was now the zone to beat.

Buyer interest, meanwhile, stayed at around $19,200, this also formed of whale bids which formed after BTC/USD dipped to multi-year lows of $17,600 in Q2.

#Bitcoin's range from a whale perspective. Let's see how this range resolves. pic.twitter.com/UsN7NrF3AC

“D1 close above 20.5k and maybe we’ll finally get D1 trend retest,” popular trader Pierre meanwhile tweeted in a fresh update.

An accompanying chart showed moving averages between 10 days and 30 days keeping spot in check.

At $20,200 at the time of writing, BTC/USD thus traded immediately below an important line in the sand on lower timeframes. For Cointelegraph contributor Michaël van de Poppe, breaking through this could open up the path to the other side of resistance at $23,000.

This one did crack the resistance and ran towards the next area of resistance at $20.3K.I'm expecting #Bitcoin to consolidate for a bit here, but breaking the next resistance zone is a trigger for continuation towards $23K and a summer relief rally. https://t.co/e8tFtrnEsz pic.twitter.com/DnQHcCL3dF

Industry news meanwhile had little impact on BTC price action, this coming in the form of crypto exchange Voyager Digital filing for