At $ 2563, the price is below the parabolic SAR and 20-day moving average, above the 50-and 200-day moving average.
As we mentioned in the past few weeks, $ 2500 worked as an important support. Bitcoin, who tried $ 3,000, naturally fell down when this resistance did not pass. It's like $ 30,000 more for a while. During this time Bitcoin can be expected to move in the band of $ 2000-3000.
However, the price is still above the Bollinger + 2 band. The fact that it has not entered the band in the last decline still makes a correction more necessary. We think that in such a case, the 50-day moving average will hold a possible decline in support levels of $ 2,000. In the coming days either the Bollinger + 2 band will expand or the price will fall down. In either case, an exit should not be expected in the short-term price.
On the other side, a campaign was started on August 1, 2017 to make Bitcoin hard fork. In such a case Etherin will be like it happens. Those who have a Bitcoin account will have Bitcoins that will be as new as Bitcoins. Basically no big loss. Probably the stocks and the wallets that Bitcoins stop will reflect the values as if the investment places are Etherde. However, this situation will be preferable to the network, so it seems very unlikely for Bitcoin, who is not an executive team like Ether. Even though Ether seems to be decentralized, there is actually a founder and an executive group. Bitcoin is a truly decentralized value, and it is unlikely that some of them will come out and bifurcate in the network.
When we look at the auxiliary indicators, a mixed situation is observed.
RSI (14) 50.506 Neutral
STOCH (9,6) 50,138 Neutral
STOCHRSI (14) 5.564 Oversold
MACD (12,26) 108,800 Buy
ADX (14) 43.910 Buy
Williams% R -55.090 Sell
CCI (14) -64.4406 Sell
ATR (14) 257.0057 High Volatility
Highs / Lows (14) -62.5264 Sell
Ultimate Oscillator 51,753 Buy
ROC -1.769 Sell
Bull / Bear Power (13) -22.4560 Sell
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