Bitcoin Price Forecast 8/26/2017

The Bitcoin bus is full but they keep shoving more people onboard! Current MC: $159.97B (+$2.2B) BTC dominance 45.8%.

The market growth is absolutely insane people! We are moving so fast that Bitcoin has had to stop to catch its breath. The network congestion and high fees have forced people to look to alternatives and the alt-coin markets are just loving it. Monero, DASH, ZCash, Litecoin and Ripple have all had very nice two weeks as they have swelled in size. Once the network congestion clears up expect Bitcoin to come back for what is rightfully his as BTC dominance has slowly been whittled away by alt-coin growth.

In today's chart you will see that we approached that $4350 comfort zone and stayed relatively steady above that support zone around $4250 all day. We are setting up another bull run in the near future but all of the current Bitcoin drama is holding back the big investors. Once there is more certainty about the future of Bitcoin there will be nothing in its way as it reclaims its throne. Expect prices to hold steady today as we aim for the moon

Likely Scenarios:

• BTC drops down to $4150 before pulling back to $4350
• BTC holds steady between $4250-4350
• BTC picks up volumes and pops up to $4450+

TLDR Version:
Bitcoin is preparing for its next major move as the market has grown vastly around it. Watch out for the $4150, $4250 support zones and the resistance at $4350. Once we break that resistance level we are shooting back to $4450.

Price Target: $4430

Alt-coins To Watch:

• DASH
• ZEC
• IOTA
• XMR
• EOS

*Never invest more than you are willing to lose and always do your research before making any investment decisions.

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