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Bitcoin-usd

BTC/USDT (Bittrex) – 4hrOn the 4hr charts we're in an ascending channel. Currently we have descending volume profile, a lower high within the channel and descending RSI indicate it may break to the downside to test support once again and then possibly continue the uptrend. If we break downwards from the channel, we have fib support at 3820 and then major support between 3500-3600. Given we've already tested lower support levels at around 3000 and it was strongly rejected in spite of the China ban, I don't see us going back there. If we do make it to the 3k area for support we reevaluate the short-to-mid-term trend. If we see continuation of the ascending channel, the next major resistance point to be retested is 4100. If we break through this it will form support and push us back to 4500 and 5000 to the end of the month. Right now, my bet (bar any unforeseen FA events) would be on a pullback to 3600 slingshotting us back to 5k by the end of the month.
Short
by billaddison
Bitcoin Top between 5100-5600Bitcoin isnt done yet, i expect 1-3 days more bounce in the 4400-4700 area, after that it should try to break 5k again, and within 2 weeks from now it should reach the top before correction (2 possible scenarios mentioned) Trade with care :) The scenario could be the same as june-july, october would be the second july with a selloff due to the coming hardfork. Could bounce off from first channel or fall into it Possible Lows for Correction: 4k 3250 2550-2850
BITSTAMP:BTCUSD
by EliasVigl
1
Volatility is Normal to CryptoCurrencies and Currencies alikeOne analyst opined that the recent 28% fluctuation in Bitcoin's price basically invalidated the cryptocurrency as a store of value. If that were true, as this chart shows, most of the world's money would be likewise invalidated. It goes without saying that there are plenty of other currencies that experience much MORE volatility than those shown here. Bitcoin may not yet be as stable as some, but price fluctuation, in and of itself, clearly does not invalidate something from being a store of value. While investors and speculators can argue about the quality of Bitcoin as a store of value, the market has de-facto dictated that it IS a store of value of some kind. Over time it may prove to be a much better store of value than any of us ever imagine.
D
by gordonscottcmt