The onset of the most recent US-China trade war flareup on August 1 effectively rescued the coin from slipping beneath the ascending trendline from May. Its opposite, descending from June, was under fire amid the escalation, until Tuesday’s development. The fundamental forces have helped to keep BTCUSD within the rising wedge, which has now had both the upper and lower bounds tested. Without the benefit of a tailwind, Bitcoin prices may continue their journey lower from June highs in the weeks to come – assuming a relatively consistent fundamental landscape. That said, traders should be wary of other changes in the ... (full story)