Price
After repeated refusals of SEC to launch bitcoin-ETFs (today SEC disapproved BZX order), BTCUSD started a correctional movement from the 8500 level, not reaching to the awaited 9000-10000 area. For now, correction goes in the acceptable boundaries, for 6000 – 8500 growth such a correction is entirely permissible. As long as the price will hold above 7600 level, we will wait for the recovery of the uptrend with a target at the 10000. If we will not see any significant volumes today, then the price is likely to remain within the 7850 – 8200 boundaries. Important fundamental factors will be further comments of SEC about ETF’s - CBOE ETF on SolidX will be considered on August 10.
Today forecast
Trading in the 7850 – 8200 zone. Possible drawdown to 7600.
Main events of the week
After repeated refusals of SEC to launch bitcoin-ETFs (today SEC disapproved BZX order), BTCUSD started a correctional movement from the 8500 level, not reaching to the awaited 9000-10000 area. For now, correction goes in the acceptable boundaries, for 6000 – 8500 growth such a correction is entirely permissible. As long as the price will hold above 7600 level, we will wait for the recovery of the uptrend with a target at the 10000. If we will not see any significant volumes today, then the price is likely to remain within the 7850 – 8200 boundaries. Important fundamental factors will be further comments of SEC about ETF’s - CBOE ETF on SolidX will be considered on August 10.
Today forecast
Trading in the 7850 – 8200 zone. Possible drawdown to 7600.
Main events of the week
- Friday
- SEC rejects a second proposal to list and trade shares of the Winklevoss Bitcoin Trust on the Bats BZX Exchange- The Wave DEX site was attacked by hackers
- Thursday
- The Wave DEX site was attacked by hackers
- The co-founder of Uber will launch a trading platform (Voyager) in the United States with zero commissions
- Wednesday
- Bittrex added the possibility of withdrawing the US dollar for individual users
- The price of bitcoin on the WEX exchange approached $ 10,000 (median price through other exchanges - 8500)
- Tuesday
- Bitcoin broke through the psychological mark of $ 8000
- TRON has officially confirmed the purchase of BitTorrent
- Monday
- Bitcoin, Bitcoin Cash, Ethereum and Litecoin appeared in the Google Currency Converter
- Malta Gets its First Two-Way Bitcoin ATM
