Bitcoin Price analysis 10/02/2018

aqbayli (45)in #bitcoin • 8 years ago

Today and yesterday , the crypto markets was positive and posts some profit for investors, after the positive news that come from all around the world .

Especially from USA, where the governement is saying that crypto currency will Become Legal and under laws, also after the Words of Christine Lagarde that says that ''I believe that it's inevitable,” Lagarde said of cryptocurrency regulation. “We clearly have to move into an activity-based regulation. Forget about the entities, work on the activities themselves: who does what and who is licensed to do what and who is properly regulated and supervised '' as reported on Crypto coin news today .

Crypto markets from Coinmarketcap

For Bitcoin, There is 2 senario :

The first scenario, Bitcoin will break the resistance level of 9000 USD, and it's will reach 10000 USD, then 12000 USD .

The second scenario : Bitcoin will break the support level of 8000, then 7500 USD, then 6500 USD .

if some negative news come to the market, but i think that the first scenario will happen because there is a lot of positive news in the market .If the price break 9,116.00 then open a trade with this targets Partial Profit Targets: Around 10,000.00 Main Profit Targets: 12,410.00 / 12,900.00 Stop-loss: 6,500.00 .