Crypto markets analysis and Bitcoin Price Price analysis 10/02/2018
Cryptocurrencies are a part of evolving technology and are still in the early stage, they are here to stay for a long term time .
The early investors in cryptocurrencies were mostly technology enthusiasts who saw a future in them. After the humongous returns of 2017, more and more institutional investors want to join the party, what has happen in the pasts days and the hard correction in the price of crypto currency is positive for the long term growth of this digital assets .
Crypto currency markets in general right now are good for a long term holding, and we will see others all time high for this markers durring the next few days .
Bitcoin :
Right now, there is a lot of fud in the market, after making a correction around 5800 USD, bitcoin has start another uptrend movement, but it's fail to break the resistance level of 9000 USD, this has lead the price to go down around 8400 USD, now the next strong resistance line is around 8000 USD, if Btc price break this support line, the next supports line are 7500 USD, then 7000 USD, that is the scenario that has the big chance
Any question about Crypto trading :
Add me on Facebook
Follow me on Twitter
Follow me on Instegram
Protect your Crypto currenct against Hackers with Ledger
Trade Crypto currency on the largest crypto exchange in the world with Binanace
Trade crypto currency and cashout your profit using Payza and Advcash on Exmo .
The other scenario, bitcoin will break the resistance line of 9000 USD then, it's will reach 10000 USD, but i don't think that this scenario will happen, because there is a lot of Fud .