BTC Technical Analysis - Bitcoin crashing ahead of Aug 1st fork!?steemCreated with Sketch.

in #bitcoin • 7 years ago

Bitcoin is trading down over 10% since yesterday while other alt-coins are making similar drops today. Technical indicators are showing heavy bearish sentiment as intense selling comes in ahead disruptive BTC code changes Segwit2x and [USAF bit 148] (https://steemit.com/bitcoin/@gbonikz/bip-148).

Bitcoin has broken to the downside of its Pennant pattern and fallen below key support levels of $2300, crashing nearly to $2,000 in intense Friday trading.

As the August 1st code release date approaches, speculation grows as to the implications of Segwit and USAF and a likely Hard Fork in Bitcoin. We see more volatility in the weeks ahead.

Are you a buyer, seller or trader here? @snapcharts

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#btc #trading #technical-analysis
7 years ago in #bitcoin by
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