Weak Bitcoin (Trap for shorts or disbelief?)

BTC has tested the bottom of the 5-week value range the 2nd time over the weekend. The bounce of the support zone is not significant compared to the first one, which puts higher odds in BTC breaking down from the range and closing the CME gap and testing the NVPOC of the previous range at 8000-8500.

Comment:

Two interesting transactions around Whale Wallets occurred. Also, the rumor is the Bitfinex case was postponed for another 90 days. Maybe we are at a good buying opportunity short-term!

Amount: 47 403.58149867 BTC
To: #3HPF1x3g34oeiakfmrUb8Ej6mbWSj8CpZc
2019-07-29 17:20

Amount: 47 454.01612099 BTC
To: #3DUFGeoVdHer7h3XRg6H5otHMRBtzGo2NN
2019-07-29 17:20

Comment:

www.coindesk.co...bitfinex-tether?utm_source...