The Traderszone Network

Published in TZ Latest News 25 July, 2017 by The TZ Newswire Staff

Bitcoin (BTC/USD) Consolidating Near All-Time High Ahead of Aug 1 Fork

Bitcoin (BTC/USD) Weekly/Daily

Bitcoin (BTC/USD) slid yesterday on more profittaking, and now sits just above where it had broken above the daily chart’s downchannel resistance. On the weekly chart, with last week’s massive rally, the BTC/USD appears potentially to be in the late stages of a bullish flag pattern. With the August 1st fork looming, and daily RSI, Stochastics and MACD tiring, BTC/USD can be expected to continue consolidating today ahead of this key date.

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