Ecurencys: Price Analysis, July 20 – Bitcoints

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Published on July 20th, 2018 | by bitcoin

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Ecurencys: Price Analysis, July 20

Ecurencys: Price Analysis, July 20Boris Schlossberg of BK Asset Management, a known Bitcoin bear, said that the current pullback could go above $8,000.
As has been the case for the past few weeks, it is hard to resist writing about the institutional investors.
So, with all this institutional money flowing in, has the crypto market bottomed out or is this a dead cat bounce?
BTC/USD Bitcoin completed an inverse head and shoulders pattern on July 17 with a break above the neckline at $6,953.38.
However, the BTC/USD pair has a strong resistance at $7,750, which acted as a major hurdle in early June.

Source: Cointelegraph.com

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