If Bitcoin wants to continue this path we will have to have a small retrace, but so far Bitcoin looks strong. It is a make or break point of the bull run that is going on for almost 10 days in a row right now.
Note
Bitcoin broke the 7,800 resistant and is now flirting with the 8,000 levels. If we can stay above the 7,800 the uptrend will slowly continue. If not, we will see a big drop. Recently the ETF news on August 10th kept coming up, but I expect the SEC to postpone the decision (which is not necessarily a bad thing).
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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.