HomeContributorsTechnical AnalysisBITCOIN Consolidating Above $4000

BITCOIN Consolidating Above $4000

Bitcoin has seen some buying interest. However, short term selling pressure suggests a limited upside potential. However, technical picture remain bullish as long as key support hold. Monitor the key support at 4078. Strong support lies very far at 3599 (22/08/2017 low). Key resistance can be located at 4921 (01/09/2017 high).

In the long-term, the digital currency has had an exponential growth. There are decent likelihood that the asset will reach $10’000.

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