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Overview

Bitcoin is sideways with exponential resistance rejecting the price.   On the hourly timeframe we can see that we have serious sideways action.

Bitcoin Chart For Wednesday July 11, 2018

Bitcoin Chart For Wednesday July 11, 2018

 

Support

Support zone of $6,280 – ~$6290

Resistance

We have failed to break $6410 with rejections at $6,410, twice at $6409, $6407, 6,398, 6,395 and 6,392 on the hourly.

 

Relevant Fundamental News 

The Bitcoin ETF should provide serious Wall Street money and a potential FA boost by August 10th.