BTCUSD +7.8% - Returns to $2,750 levels
Friday July 28th 16:51 GMT - Bitcoin Dollar has made a full retracement to it's previous range near $2,700 from a low of $2,400, and currently is building momentum towards $3,000 again.
RSI has moved swiftly up to overbought territory resting now over 70 and could possibly extend to 90s as we have seen numerous times before.
A continued weakened Dollar amongst the dovish FOMC news this week combined with mixed market data, is helping keep high price assets attractive.
Although uncertainty around the August 1st Bitcoin / Bitcoin Cash Segwit chain split has cast a recent shadow of uncertainty to traders with low volumes in alt-coins across the board, next week we could see a return to higher volumes.
Levels To Watch
0.786 Fib $2,830
0.618 Fib $2,740 (Previous consolidation range support)
0.5 Fib $2,670
looks like people want their freebie BCC - exciting times!
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