Bitcoin chart analysis (10/2/17)

in #bitcoin • 7 years ago (edited)

Surprisingly, Bitcoins chart looks much different than LTC and ETH. We can see a very strong stair step pattern following the blue trend line pretty much perfectly. RSI is currently just under 50, and the MACD indicator is showing a tightening of the signal lines. Lookout for a reverse in these lines for a potential buy signal!

I see Bitcoins price continuing to increase, especially the closer we get to the hardfork. Many people will want to get their free Bitcoin Gold, so the demand for BTC should increase!

Let me know what your thoughts are in the comments below, cheers!

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#btc #crypto #crytocurrency #chart
7 years ago in #bitcoin by
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