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.
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This is such an epic, historic moment. Thanks for the post!
love being part of History huh, yet another ATH history moment to enjoy
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Looks like 3k could become the new floor! $3500 is my TP
lets chat soon buddy!