Community post
BITCOIN - 8/2/2017 Price Update
After yesterday's fork, Bitcoin has held fast for the most part. The huge run up into Bitcoin Cash hasn't necessarily come all at Bitcoin's expense. At this point, I'd like to see the price to rise above $2772 and continue the trend of higher lows and higher highs from the past several days.
What to look out for:
-
More movement higher. If we continue to wobble, prepare for another leg downwards since upwards momentum after the July 20th breakout will have been lost.
-
Rise above and hold $2772
-
Retake the symmetrical triangle bottom trend line at around $2910 for bullish trend to continue
-
$2630 major support. Let's hope it's finished testing this level. If we continue testing supports I have a feeling that we could break lower and retry from there.
Replies (1)
Interesting discussion. Good to see I'm not the only one that is thinking about this. The blockchain is here to stay. No matter what any crypto will do in the upcoming years. I think that's a conclusion we can make by now. Do you know this interesting site? https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis. Check for example: https://www.coincheckup.com/coins/Bitcoin#analysis For a complete Bitcoin Analysis.