On the longer term weekly candles, we can observe BTC approaching its 200MA in red, RSI also breaking its lower oversold range.
Considering the trading range of Jun-July 2017 as a firm price floor, BTC is unlikely to break through its lower limit of $2000. Regardless, there is no major catalyst in sight, apart from rumours of ETFs in Q1 - the crypto winter may be longer than expected.
Considering the trading range of Jun-July 2017 as a firm price floor, BTC is unlikely to break through its lower limit of $2000. Regardless, there is no major catalyst in sight, apart from rumours of ETFs in Q1 - the crypto winter may be longer than expected.