Hi Steemian.

Bitcoin is gaining altitude today, amid a sharp drop in prices of some alternative currencies.

Prices on( BPI ) jumped 7 percent to an intraday high of $16,181 in the last two hours. The cryptocurrency has appreciated by 10 percent in the last 24 hours, according to data source CMC

Price chart analysis also suggests BTC could extend the rally to $18,000-$18,600 in the short-run.

4-Hour Chart

The above chart shows ( Bitcoin Price)

An inverse head and shoulder breakout. As of writing, BTC is trading well above the neckline hurdle of $15,550, so the bullish breakout is pretty much a done deal. Prices could rise to $18,600 (target as per the measured height method) over the weekend.

BTC could cut through resistance at $16,490 and move towards $18,000–18,600 mark over the weekend.

Thanks
@anoopsingh

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