BITCOIN - 8/1/2017 Price Update
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.
