BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
1. Stochastic RSI on the daily chart indicates oversold conditions.
2. Rising BTCUSD channel, a break from the descending channel we had.
3. Expectation of ETFs in August. I expect the price to start being factored in BEFORE the ETFs are actually launched. ETFs are bullish for BTC , Futures are bearish .

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Near term target is 7k
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