Bitcoin (BTC) Technical Analysis 30 July 2018 - New Bearish Market?
After breaking 2 important levels ($6850 and $7775), Bitcoin has been stopped by the third one at $8650.
The price reached $8506, but then the selling pressure started to by too intense and the price went rapidly down, under $8000 in the next 2 days.
Despite the SEC's response, the ETF situation seems to be still open and investors are still monitoring the price very carefully.
I believe that as soon as we have a definitive picture about the ETF, we will see Bitcoin dropping again towards $7000.
Indicators show opposite directions on Bitcoin, but there's a slight preference for short positions.
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