Bitcoin Price Analysis: BTC Markets Anemic After Initial BCH Trading (bitcoinmagazine.com)

As discussed in the previous BTC-USD market analysis, the market has begun to test and retest known support and resistance lines on both the macro and micro levels. Since finding its local bottom around $ 1,800, BTC-USD has paved a fairly clean schematic of support and resistance levels along the Fibonacci Retracement values:Figure 1: BTC-USD, 6-hr Candles, Bitfinex,…

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Post Fork Update: The Bitcoin Cash Network and Markets (news.bitcoin.com)

It’s been four days since the infamous August 1st blockchain split on the Bitcoin network which gave birth to a new token called Bitcoin Cash (BCH). The new BCH chain is currently pretty far behind the legacy BTC chain, and its associated token’s value has plummeted another 30 percent on exchanges.
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Bitcoin Price Drops Near $2,000 as Crypto Markets Fall Toward $70 Billion (coindesk.com)

The price of bitcoin hit a 49-day low today, falling near $ 2,000 for the first time in weeks amid a broad sell-off across crypto assets. The value of the total supply of all cryptocurrencies and crypto assets tracked similarly, dropping to $ 72bn, a figure that was 37 percent lower than its all-time high of $ 115bn […]
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Bitcoin Price Analysis: Bear Markets Test Crucial Support Levels (bitcoinmagazine.com)

This morning marked another bearish day in the crypto-space as the entire market cap continued its multi-week-long decline. As referenced in a previous BTC-USD price analysis, we have continued to test the neckline of a massive, multi-week-long Head-and-Shoulders reversal pattern. At the time of this article, the market is making its second test of the ascending trendline (marked in yellow).Figure 1: BTC-USD, 6-hr Candles, Gemini, Head-and-Shoulders PatternA breakdown of the ascending…

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