BTCUSD FINALLY HITS $3,179!! BCHUSD TANKS TO $232

Saturday 5th August 0949BST - BTCUSD finally broke the glass ceiling of $3k and is sitting currently at $3,120, whilst Bitcoin Cash (the blue line in the chart above) has continued it's downfall to $232 as traders took profit and bought back into the BTC market.

Correlation is looking independently strong for BTC with a slight uptick in the Dollar causing Gold to fall, whilst BTC kept the gains, wetting investors appetites once again - the future's looking bullish as ever for BTC with the fork out of the way and fresh targets ahead.

Can $3k become the new floor? Previous spikes have received direct rejection. By mid-week we will see clearer how the support holds, as the Core CPI Figures and PPI data comes in for the Dollar, possibly in-turn pushing more inflows to BTC and taking us up to $3,500 levels.