bitcoin pic main 500x500 - BTC/USD Daily — August 4th, 2018

BTC/USD Daily — August 4th, 2018

The BTC/USD Daily report for August 4th, 2018.

 

The 1 day range for BTC is $7390.1 – $7492.2. It is currently up 0.51% in the last 24 hours.

 

Today’s BTC/USD Headlines

 

  • “In a midyear economic-outlook report, the bank’s investment strategy group says the price of bitcoin is likely to decline even further than the 45% it has in the first seven months of 2018.”

 

 

  • “The WooCommerce plugin, a WordPress e-commerce platform, currently supports more than 28% of all online stores, all of which now have the ability to accept cryptocurrency from customers worldwide, Coinbase noted on its blog.”

 

 

  • “Dubbed the AvalonMiner Inside, the smart TV also doubles as a bitcoin mining device, and while some dismiss it as a marketing stunt, Canaan believes that this could be the future of bitcoin mining.”

 

 

BTC/USD Trading Technicals

Screen Shot 2018 08 04 at 3.34.56 PM - BTC/USD Daily — August 4th, 2018

Technicals from Tradingview.com

 

Even with the good news out of ICE and the New York Stock exchange, the majority of signals have BTC/USD daily STILL at a sell; with all most averages signaling a strategy for shorting.

 

BTC is up a bit on the 24 hour chart and has fueled some rise from altcoins as well;

 

BTC/USD Trading Charts

T.A. from user blacksun with a BTC short outlookScreen Shot 2018 08 04 at 3.38.25 PM - BTC/USD Daily — August 4th, 2018

T.A. from user EXCAVO with a BTC short outlook

Screen Shot 2018 08 04 at 3.39.26 PM - BTC/USD Daily — August 4th, 2018

Daily Altcoin Events

 

Many altcoins featured on this list can be traded on Binance.

Bitcoin logo courtesy of bitcoin.org

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