27 November 2017 Bitcoin Analysis: Will Bitcoin Break the 10k level ?

November 27, 2017 | Author: | Posted in Bitcoin

27 November 2017 Bitcoin Analysis: Will Bitcoin Break the 10k level ?

Consecutive record highs kept coming in within 48 hours and now BTC is being traded at 9400s against Us Dollar.

Although the BTC’s performance indicates a new high above the 10k level, some of market analysts point out that the Bitcoin price over-extended and there might be a manipulation.

If the manipulation allegations are proven to be right, ,it will trigger a vast sell-off wave which is likely to gradually take the price down to 6000.

However investors do not seem caring about the allegations as the possibility of new record highs above 10k is systematically consolidated on some Tv broadcasts.

 

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