03.03.18. The current analysis of Bitcoin prices.

in #bitcoin6 years ago

If anyone else doubts. Important breakouts. February 15-Solar Eclipse before the new moon, March 2-full moon. This does not mean that it is always necessary to look for a direct relationship, but it is worth considering...

image.png

So. What's with the price?
For the first time the price managed to break through the trend line. The structure of the downtrend is broken, but we can confidently talk about its end only after consolidation above the level of$12,000. Fundamentally, we see a lot of good news - America and Europe are not going to strangle the cryptocurrency and prepare a legal framework - and this will pave the way for institutional investors, which will definitely have a good impact on prices.

In the short term, a slight rollback to the level of$9300 is possible. Medium-term expect growth and penetration of $ 12,000. A flat is possible for some time-it will well affect the prices of altcoins. First of all, Tron, Ada, Ripple will grow.

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.029
BTC 66868.29
ETH 3520.34
USDT 1.00
SBD 2.63