3 Августа 12:07
Price Analysis, August: Bitcoin, Ethereum, Ripple, Litecoin, Ethereum Classic
We saw Bitcoin falling Aug. 1. Having reached the $3,000 area, the price corrected to an upward trend of $2,400. Yesterday’s events influenced the correction. It was instant but quite consistent. Bitcoin did not manage to form a turn downwards at the fall peak and therefore we observed a reversal up.
If a major buyer, who purchased from $2,400, is still holding their positions, then, in the case of a fall to $2,660, the price will rebound up. Note that the number of pending buy orders exceeds the volume of orders to sale for more than a day now. If there’s no support for an upward trend, there will a turn down at $2,660 and the price will move down to $2,450, at least.