Cryptocurrencies Price Prediction: Bitcoin, LISK & Crypto – European Wrap 1 August

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Cryptocurrencies Price Prediction: Bitcoin, LISK & Crypto – European Wrap 1 August
Cryptocurrencies
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Bitcoin’s (BTC) price stabilizes at around $64,000 on Thursday after falling short of closing above $70,000 at the beginning of the week.

Bitcoin price holds around $64,000 amid Mt. Gox funds movement Bitcoin ’s price stabilizes at around $64,000 on Thursday after falling short of closing above $70,000 at the beginning of the week. On Wednesday, Mt. Gox moved $3.1 billion worth of BTC, Grayscale's Mini BTC ETF received a $1.8 billion inflow, and the Bitcoin Spot ETF experienced slight outflows of $17.70 million. The FOMC's decision to hold US interest rates steady also contributed to the decline in Bitcoin ’s price.

is trapped in a triangle with ticker LSKUSD can be still finishing a larger ABCDE bullish triangle pattern, where final wave E can be searching for the support at the lower side of a triangle range, but keep in mind that bullish confirmation is only above 3,2 region. Of course, there’s also a possibility for a bearish triangle pattern in wave B before we will see another sell-off for wave C, but even in this case we can expect a recovery within subwave .

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