Bitcoin Price Forecast 9/29/2017

If Bitcoin were an animal it would be a honey badger because honey badgers don't give a #%$@! Current MC: $143.95 (-$0.3B in two days) Bitcoin Dominance 48.5% (HIGH!)

The past few days we have seen some stability in the Bitcoin markets considering the string of relatively bad news coming from every direction. In the US we have the SEC finally stepping up their efforts to curb the ICO madness. In South Korea we have seen a crackdown on ICO's with an official ban. In Russia there is buzz about banning cryptocurrencies as well!

The Bitcoin community doesn't even seem phased by these events and the price has remained very strong above the $4000 support for two days. With continued closures of crypto exchanges across China we will see continued pressure on Bitcoin prices over the coming month. Don't ever forget- Bitcoin is UNSTOPPABLE by nature and we will see this time and time again.

Eventually the bans in China will be lifted and the honest and legitimate exchanges will open back up for business but in the meantime we have seen a major shift in the market over to Japan. Hong Kong will continue to be a major player in this scene as they are somewhat excluded from controls from mainland China. South American countries such as Venezuela will soon realize the importance of a decentralized and truly capitalistic system such as Bitcoin as their currency continues to devalue daily.

In today's chart you will see that the support levels have held up nicely in the $4000 range with new support forming around $4150. Resistance is holding around $4250 and we will see a break out past that mark when we get more volumes. Right now the market is still somewhat uncertain considering all of the news and forking drama alongside mixed bullish signals. Investors are waiting to jump in head first but they need solid confirmation on this next flood of investment before doing so.

The technology and fundamentals of Bitcoin are still the same and it will continue to rampage for years to come. Get ready for a wild ride over the next decade!

Likely Scenarios:

• BTC holds above $4000 with major support around $4150
• BTC pushes past that $4250 resistance and we see prices near $4350
• HUGE volumes push the price up to the mid $4K range before settling around $4250-4350

TLDR Version:
Bitcoin is still holding strong in the face of adversity. Prices will have major support above $4K today and tomorrow with possible jumps to the mid $4K range.

Price Target:
$ 4350

Alt-coins To Watch:

• LSK
• KNC
• SNGLS
• MCO
• BQX
• RISE

Alt-coins Pumping:

• LINK
• FUN
• VTC
• STEEM
• ADX
• BLOCK

Alt-coins Dumping:

• MCO
• WTC
• HSR
• FAIR
• KIN
• MGO

*Never invest more than you are willing to lose and always do your own research before making any investment decisions.
(All pictures are free domain images from snappygoat.com or created by myself.)