Bitcoin failed break 30K wall when Elon changed twitters image Shiba. After that the block delay came in. May retreat a bit like 24K ? Just a thought
CHF Sell off pushed this once collapsed pair up to pre SNB shock level.
Month chart. If this line holds, commodities such as gold, silver etc will explode. See what happens.
Inside of Bitcoin is too much leveraged pressures and gradually people are moving out to ETH especially if not confident in BCH. Pretty much alert level currently.
This is where trader's sentiment change to bull. If there is a pull back, 4050 area may support.
Now short interest accumulates what it was just before 8/1 hard fork. When short squeez kick in, this is what will happen again.
This chart shows spread between BTCUSD - BCHUSD. Square area is somewhat rough target.
Weekend is always a good playground to the Bitcoin. Sell the fact --- SegWit lock in, small external money flood during weekend, close before Japan money flows in. Nice work.
How come these two assets correlate now??? By the way, gold kissed BTC just today.
Bitcoin locate very subtle area. Shorty jumped in 1180 and memory of gox that turns support now sits around 1165. Now, who wins? Of course GOX!!
Finally, USD based price exceeded GOX high. Gold - BTC premium is now in historical low level. Does this break gold or another exchange hack news come in, or what??
The Market cap printed ALL TIME HIGH! Yes the price will goes all time high too (maybe). CNY premium increase backs. Details at YouTube below. youtu.be