Quote from: bobo012 on August 02, 2018, 04:08:38 PM

Quote from: nicktalman93 on August 01, 2018, 02:46:42 PM

Bitcoin price started a major bearish move from the $8,200 swing high against the US Dollar. BTC/USD traded below $7,640 and recoveries are likely to be capped by $7,800.

https://coingape.com/bitcoin-price-analysis-btc-usd-signaling-bearish-continuation/

Well, a lot of people dont want to risk with the etf decision, they are bagging the profits early, as we had a good run up until now. I personally think that we wont have an etf approval at this time.

We won't have any ETFs yet, but eventually, the day will come when we see an approval. I think this may be a bear trap, as long as the $7xxx range holds. If we go back to $6k I'd say chances are we may sink as low as $4k - $5k.