Bitcoin Price Forecast: correction by mid Jan 2018.

in #bitcoin7 years ago

Bitcoin price seems to follow one month cycles. The recent correction from $17,000 to $12,000 took place during 8th - 10th Dec. Hence, the ongoing cycle will be due for a correction by mid January 2018. An additional factor for a correction is "buy the rumour - sell the fact" effect relating to bitcoin futures.

BTC1.png

BTC2.png

Share your thoughts in the comments. If you think this post is a useful read, consider upvoting :)

Sort:  

This post has received a 14.07% upvote from @lovejuice thanks to @myfinanceteacher. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.

This post has received a 5.80 % upvote from thanks to: @myfinanceteacher.
For more information, click here!!!!
Send minimum 0.050 SBD to bid for votes.
The Minnowhelper team is still looking for investors (Minimum 10 SP), if you are interested in this, read the conditions of how to invest click here!!!
ROI Calculator for Investors click here!!!

This post has received a 1.31 % upvote from @boomerang thanks to: @myfinanceteacher

@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read the @boomerang whitepaper.

This post has received a 0.72 % upvote from @buildawhale thanks to: @myfinanceteacher. Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.

To support our daily curation initiative, please vote on my owner, @themarkymark, as a Steem Witness

Coin Marketplace

STEEM 0.18
TRX 0.15
JST 0.029
BTC 63837.42
ETH 2539.78
USDT 1.00
SBD 2.65