We’ve been looking at the market and we believe Bitcoin will hit a top soon… This is just a prediction based on many different charts and not an analysis to take action on, just a general prediction. We believe Bitcoin will move lower after reaching a peak price this or later next week. Then Bitcoin will start to retrace, this retrace can take 1-3 months...
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Traders stalling but not coming off much The GBPUSD is up testing is 100 hour moving average of 1.25154. The high just reached 1.25203 on the spike higher after the release of Fed Chair Powell's prepared text. The price currently trades at 1.2516. The pair move below its 100 hour moving average on July 1 at 1.2694 and trended to low at 1.24389 yesterday and a slightly higher 1.2443 today.
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