Bitcoin -2800 Nice Round Number - Consolidation to 01-01-18

A consolidation for Bitcoin to the end of the year would be extremely healthy. The $2800.00 USD area provides excellent support.

I know there's a lot going on in the chart, but look at a couple of things:

• The thick blue and green MA on the daily. The last time the price tagged this area was in August 2016.

• The descending lines from the peak, a combination of Andrews Pitchfork and basic support resistance take us to the end of the year, with the the $2800.00 USD area providing excellent support.

So were does this take us?

Using Fibonacci extensions into the future. The low of July and the high in September, we can come up with some assumptions as to what we can expect...... ASSUMING........ the 2800 level ........ UP TO THE END OF THE YEAR....... holds.

All data and information provided is for informational purposes only. Trend Wizard makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information in this post and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis.