Bitcoin Trend / Weekend Quick Update
Expected trading for the rest of weekend is between 8650.00 support and 9200.00 resistance
Bitcoin is capturing headlines with sharp rise in price,
giving credibility to the claim that it has the potential to become
major disruptor in the global economy.
- It seems like the current trend is very positive as many see it:
- More secure form of cash and an independent safe harbor in financial crises times.
- New nationless currency that will increasingly be able to buy goods and services.
The resistance around the 9000.00 level was broken.
Bitcoin price was able to move above 9000.00 and formed a new
all-time high at 9050.00 level.4 Hour MACD is placed well in the bullish zone.
RSI is moving higher in the overbought levels above 75.
The upside targets could be 9200.00.
Expected trading for the rest of weekend:
is between 8650.00 support and 9200.00 resistance.
Expected trend for the rest of weekend:
Bullish.
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I was already expecting your solid analysis. At the moment, reaching 10000 still until the end of this year isn't a very ambitious forecast any more.
Nobody knows when and where the bull ride will stop. It's the most stunning thing in the world of economy we ever could see.
It is not ambitious even before ETF launch in December, but watch out for possible correction as soon as it is launched.
Correction is needed but let us test 9200.00 level before
Yeah, sure, just keeping in perspective, that ETF launch by CME Group can change everything drastically cause until then there is no real way to short BTC. Update: sorry, I meant futures launch.
Indeed! The ETF at the CME is the only thing we should fea a little bit, because with this scam non-existing bitcoins can be sold.
Combined with the risk of Tether fraud/crash, it may be a difficult New year's start for BTC
If the target 9200.00 broken and hold above it,
Then will see 9800.00 very soon !
Thanks for your continued support to my work..
Have a great Sunday..
Why did I spend all my BTC on NEO???
What are your predictions before the end of the year my supportive friend?
If 9200.00 was broken, then 9800.00 followed by 10500.00,
before the end of the year.
Thanks for support.
It'll reach $10000 before 2018 and then fall back a little. I'm sad I sold all my bitcoin when it was &5000
thank you sir nice information your post is really helpful for Bitcoin traders I also know one so that I can help him with help of your post thank you @lordoftruth
My analysis and prediction point BTC's max closer to 12K by the end of the year with a soft rally going into the new year. Alts on the other hand will be given the well needed support to catchup (the new year rally will provide this support).
Thanks for sharing!
Hey I am also looking forward for the remaining moment on the market and I'll also observed that it makes face some resistance over here.
Thanks for sharing @lordoftruth... i'm beginner in world cryptocurrency..
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