Thursday July 27th, 1710 GMT - BTCUSD is down -3.46% at $2,438 after a recent sudden down trend reversing all of the weeks earlier gains ahead of a August 1sts Segwit blockchain split, and uncertainty surrounding Bitcoin Cash and BTC value after the split, combined with a possible bullish sentiment from the FOMC meetings news release on their Bond buying policy at 1800 GMT

Keeping an eye on the DXY which currently sits at it's previous years low, the DXY could provide potentially an early warning on a sudden increase in inflows pulling currency markets and affecting dollar pricing on paired assets.

In the coming days we will see if BTC will consolidate, and move higher back towards $3,000 - or if the downside will play out, back into the previous down channel and towards the channel mean of $1,800 lows.

Levels To Watch

First Support $2,400
Second Support $2,300