BITCOIN - 8/1/2017 Price Update

in #bitcoin • 7 years ago

Despite the fork, Bitcoin today has stayed relatively neutral. It has fallen below the symmetrical triangle's bottom ascending trend line but has not tested any major support @ $2630.

At this point, Bitcoin is holding up well and has been forming higher lows and higher highs as of recently. I think it will retake the trend line all else equal.

What to watch for:

  • Testing/breaking of any major support especially $2630
  • Retaking of the ascending trend line at about $2900
  • We need to make new all time highs in the coming days to really confirm a continuation of our bull run.

gdax-btcusd-Aug-01-2017-14-17-43.png

#ethereum
7 years ago in #bitcoin by
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