Bitcoin fell off and bumped its head after strong rejection at $ 7,684. Bitcoin price analysis, however, shows that former resistance levels are now serving as strong supports as BTC consolidates and prepares for the next leg up.
Bitcoin Price Analysis: Market Overview
This week encouraging cryptocurrency news keeps on rolling in and a simmering aura of excitement is beginning to envelop the entire cryptocurrency scene as investors await the result of the SEC’s acceptance or rejection of Bitcoin ETFs. On July 20th, the CME announced that the daily volume of Bitcoin futures had risen by 93 percent from Q1 to Q2, while the number of open contracts is up 58 percent.