Bitcoin Price Forecast 8/29/2017

WHATCHU KNOW 'BOUT BITCOIN!? Current MC: $164.8B (+$5B) O.o HOLY SMOKES! BTC dominance 46%

Bitcoin is on a rampage again and his children are running for cover. Very few alt-coins are performing well against BTC price, although they may be up against the USD. All-time high is now set at $4648!

If you want to get out now it's not too late. This is just the true nature of Bitcoin- the heart pumping adrenaline takes over and your lizard brain begins to take the lead. Fight or flight!

In today's chart you will see a MASSIVE spike in volumes and price that happened around 6:50 AM PST. Support has kept us above that moving average (red line) and we are looking good to attempt that $5K mark any day now. Remember that Bitcoin can jump $300-400 a day when the market is really hot. Price will drop back even faster than they rose however so make the right choices people. Expect prices to hold strong above $4550 as investors are getting serious FOMO right now.

Likely Scenarios:

• BTC drops back to $4450-4500 zone before recovering to the $4600 level
• BTC continues to bounce above that moving average and we hit new highs above $4700 zone
• Volumes jump again and we attempt that $5K mark my tomorrow morning.

TLDR Version:
Bitcoin bulls are rushing in so make sure you take cover if you're in the alt-coin markets. Expect another attempt at all-time highs with possible retracements down to the $4500 zone.

Price Target:
$4780

Alt-coins To Watch:

• ETH
• ETC
• OMG
• BCH
• XRP
• EOS
• NEO

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

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