18 November 2017 Bitcoin Price Analysis BTC USD

November 18, 2017 | Author: | Posted in Bitcoin

18 November 2017 Bitcoin Price Analysis BTC USD

Keynotes :

1- If the price breaks the 7k level, a selling wave will be in progress which will lead to price fall below 6K

2- 7900 level is very important. If the BTC USD price hold on this level, we most likely will witness a record high above 8500.

On top of that, Bitcoin gained historical value against Us Dollar within months and reached a point that poses high risk.  Traders/investors may refrain to take long positions from this level.

Even if the price has the possibility of going higher from this level, the movement is likely to be relatively slower as buy-in position volumes fall.

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