Bitcoin Trend / 31-10-2017 Midday Update

 Expected trading for the rest of day is between 5935.00  support and 6330.00 resistance  

Bitcoin price fluctuates around 6180.00 level

So What Next!

The uptrend is still intact.
Now, we are waiting for the next hard fork - Segwit2x.
This one may cause more volatility than Bitcoin Gold.

So, we expect a similar run up in Bitcoin’s price prior to this fork that should happen around the 17th of November.

We are at all time highs and Bitcoin’s price is clearly elevated, so a sizable dip should happen at some point. Before or after Segwit2x?

We do not know!
It will depend on twists and turns in the drama around this fork that is currently developing. It will also depend on what investors decide to do with all that Bitcoin Gold. Once it is made available in wallets, people might just dump it.

Expected trading for the rest of day:
is between 5935.00 support and 6330.00 resistance.

Expected trend for the rest of day:
Still Bullish / But pullback towards 5935.00 might be happened.

Note : It is important for the price to hold above 5935.00 to guarantee not falling under the correctional bearish pressure.

Source

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