(31 JULY 2017)BITCOIN (in USD):Sideways price action.

Sideways price action.

(Yann Quelenn )

• Bitcoin's volatility has declined. Strong 

resistance can be found at 3000 (12/06/2017 

high) and hourly support lies at 2403 (26/07/2017 

low). Further retracement are expected. For the 

time being, the cryptocurrency keeps on trading 

between 2700 and 2800 

• In the long-term, the digital currency has had 

an exponential growth. There are decent 

likelihood that the asset will consolidate above 

$1500. Long-term support is given at $1464 

(04/05/2017 low).