Chart is looking good!
Bitcoin has successfully tested the breakout as I predicted and is holding well above $2630 support. From here I'd like to see it rise above the trend line formed by the bottom of the symmetrical triangle for this consolidation of the past month to finally end and resume the bull run!
What to look out for:
-A holding of $2630 as support
-A rise to around $2860 and a holding of the symmetrical triangle trend line
-The August 1st fork to resolve without issue. Seems like people are downplaying the Bitcoin Cash issue and it seems like it won't take away too much from the Bitcoin market cap.
Conclusion: August is setting up to be a bullish month for Bitcoin and once we regain and hold lost ground from June and get August 1st over and done with, we will rise to new heights. If we continue to test support and break it, then we might have some more correction to deal with.
