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.
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