Bitcoin / USD

The major supports below bitcoins current price is at the 1240 and 1000 range. This is a weekly chart which is used when holding bitcoin for a period of weeks and not days as most charts on tradingview.com are posted as. A decision to conserve wealth may be to convert part of one's current bitcoin to USDT (Tether) and set buy orders through the 1250-1000 range as volatility will likely increase until August 1st.Once Bitcoin's future is clearly determined after August 1st, institutional buying will likely increase dramatically sending the price to new highs before the end of 2017. 2 weeks remain until August 1st.

My sentiment=Neutral
Never short bitcoin.


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