Bitcoin price has weathered the storm of BCC FUD and the crazy week in crypto overall. It seems that the uncertainty around BCC is clearing up as more people/exchanges are identifying it as another alt. Expecting a short term rise to $2750 where we will grind until after August 1 (when many exchanges resume Bitcoin withdrawals and deposits).
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Downtrend on the hourly here. Looking for a slow down at $2657.Note
Looks like bottoming in the 15 min time frame. Preliminary target to ~$2730. Secondary target ~$2770. Then back to grind.
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Gottem. Also cleaned up my sloppy arrows.Note
Scratch that original arrow.Expecting grind around the same level until SegWit activates ~August 8
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.