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Technical Analysis

BITCOIN Strong Bearish Pressures

Typography

Bitcoin is taking a dive after strong interest over the summer. Support at 4078 (23/08/22017 low) has been broken. Technical picture remains nonetheless bullish as long as key support hold. Strong support lies 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.

Author: Swissquote Bank SA Website: http://en.swissquote.com/fx
Swissquote Bank SA
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