CryptoCurrency

Bitcoin (BTC) currently trades above $9200 and is well on its way as far as our bullish scenario is concerned. I’ll start with the best case Bitcoin (BTC) scenario first because that is also the most likely one. As you can see the trend, Bitcoin (BTC) is currently following a similar price action to that of late 2013. This means that we could continue to see some accumulation over the next few weeks followed by a very exuberant bull run in the form of big long candles just like we did back in 2013. The charts look extremely similar and Bitcoin (BTC) seems to have found support at the yellow trend line. It also shows how Bitcoin (BTC) bounced off resistance line in early 2018 just like it did in early 2013. All of these similarities point to a pending bull run for 2018 that would push the price up to $100,000 to $150,000 in the best case scenario. Analysts have come up with a wide range of Bitcoin (BTC) predictions for 2018. The modest ones are near $25,000 whereas the bullish ones ...

Well, Bitcoin is on fire for last 2-3 weeks. Slowly but gradually Bitcoin was going Bullish for quite a few days and now it has broken a strong resistance at $8800 and shoot right across $9000. But a currently it corrected to $8750. All the media and Technical Analysts believes that the next Bull-run is about to start and several predictions are being made for the BTC price by the end of 2018.  Well, being optimistic is good but if we look at charts, BTC still has a long way to go to ATH level of $20000. In order to change the overall trend, BTC has to cross this $9200 with Volume and conviction. We all know the market manipulations happens in this crypto space time and time being. This BTC move toward $9000 might be another market manipulation. So, I would advise all the traders to be cautious while trading Bitcoin.  Current Price is $8841. Strong Support : $7823 Strong Resistance : $9200 This cross happened and predicting Bullish uptrend. So, there's a great pe...