Bitcoin Analysis - October 16, 2017

in #bitcoin • 9 years ago

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Bitcoin can be corrected, but technical indicators show that the jump is more likely to continue.

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The price of Bitcoin marked new record highs, showing the strength of the bulls on the market. The technical indicators show that the jump is more likely to continue than a further drop. Experts believe it is already out of the over-sales area and that the bulls are recovering again after the short slump.

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However, there are also indications that a new fix may be on the way. The first levels of support for a possible drop are 4457 and 4,126 dollars, and it is not excluded, with full adjustment, the price to test the area about $ 3,000 per Bitcoin.

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The analysis is for informational purposes only and does not constitute advice, recommendation or offer to buy or sell Bitcoin, any other cryptocurrencies or financial instrument. @crypto-rev is not responsible for any losses after the use of the current analysis. Invest wisely and only amounts that you can afford to lose.

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image source - tradeview

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9 years ago in #bitcoin by
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     9 years ago 

    Thank you for the analysis. I'll be cautious. :)

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       9 years ago 

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