Contributors Technical Analysis BITCOIN Short-Term Retracement Before Another Leg Higher

BITCOIN Short-Term Retracement Before Another Leg Higher

Bitcoin is pausing after the massive surge over the past few days. Resistance is the all-time high at 4449 (15/08/2017 high). hourly support lies very far at 2403 (26/07/2017 low). The road is wide open for another bullish move.

In the long-term, the digital currency has had an exponential growth. There are decent likelihood that the asset will consolidate above $1500. Long-term support is given at $1464 (04/05/2017 low).

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