BTC is coiled like a spring and ready to explode! Current MC= $94B and BTC dominance is sitting at 48%.
In today's graph you might notice that I inverted the Fibonacci Retracement that I normally use (to calculate falling price retracement) so I could measure the rising price because we are most definitely in a bull market still. Yesterday I predicted that BTC price could drop down to 2650 or 2700 range but would stabilize out around 2750. We held strong in those ranges for most of the day, only briefly dipping down to the low 2600 range before snapping back up.
As of right now there are some serious buy orders in place forming three major walls of support for BTC price at 2755, 2750 and 2740 on Bitfinex: 
As you can see those buy orders DWARF the sell orders currently. This is a good sign of support which means we most likely won't see a fall below that $2755 mark until that buy wall is dissolved. I think that BTC price will have no problem testing 2800 or even 2850 today. If we can pick up more volume like we did on the July 20th then we should have no issue blowing right past the $3,000 mark. I didn't include the resistance line today but I did put in the support line (light blue bar) which should hold for quite some time.
Likely Scenarios:
- BTC hits 2800 before pulling back to 2750 again
- BTC picks up some more volume and breaks past $2900
- BTC holds steady in the $2755-2850 range for one more day before making that leap to $3000
TLDR Version:
Bitcoin remains very bullish and will continue throughout the weekend no doubt. I don't foresee any downward movement at this time but keep an eye out for any major sell orders that will break down the support! Price should break $2800-2850 mark very easily and find its solid base of support at $2755. When prices start to climb they will do so VERY rapidly so be ready for the next pop in trading volume :)
Price Target:
$2920
*Never invest more than you are willing to lose and always do your own research before making any investment decisions.