Bitcoin (BTC/USD) technical analysis August 1 to 7

in #bitcoin7 years ago

btc august.JPG

BTC now testing the bottom channel 7500 area. As RSI showing oversold and make strong resistance in trend line , expecting price will rebound and continue to grow till 9400 area. BTC Dominance still steady in 48% so no more fall can be expected. Hope soon we will see breakdown of the lower boundary of the channel and development of the growth variant.

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Same here, feeling positive on BTC bounce.

BTC price following the bottom channel .