BTC/USD Price Analysis Oct. 21

Originally posted on Cointelegraph.com http://clik.bz/5RXU1

Bitcoin has been on it way to the moon for the past while now, but these last few days were filled with insane gains!
To the question that is always looming on the minds of the people at times like these of "can it continue?" I offer you this...

There are no current positions at these levels. Bitcoin has also hit a critical resistance level from the channel line as of June 2017.
However, a breakout of the ascending channel gives us a target of $8000, equal to the depth of the channel, but this is most unlikely to happen in the short-term, therefore we have to work with intermediate targets.

A breakout from the range of $5391.4 - $5875 gives BTC a min. target object of $6359. If this level is crossed the the next possible is $6845.
Of course this is all for naught should Bitcoin take a dip from it's current levels.

I hope this helps, even though there's not much to be done at the moment. Look for my upcoming posts on $ETH $BCH & $LTC coming out shortly after this one. If you can't wait here's the link http://clik.bz/5RXU1 to the original.

Help Make a Red Fish's Dreams of A Minnow's Life Come True!

Conversation is always welcome. Opening a dialogue pays in more ways than just STEEM. 😉