Bitcoin At The Massive Psychological Support

On the 17th of December 2017 Bitcoin tested an all-time high, while almost reaching 20,000 USD price mark. It then corrected down to USD 9,000, but at the same time failed to close below 10k on a daily chart.

Today Bitcoin yet again testing the massive psychological support level at 10k USD, that should play a key role in the further price development of Bitcoin. So far everything goes as per the previous idea on Bitcoin, where range trading is taking place.

If BTC will hold the support the uptrend continuation becomes very likely and could push price further up, back to 20k and perhaps to new all-time highs. Today could be the day when correction ends, as price certainly looks very attractive. But as always it is yet o be seen how BTC will continue to act around this price.

Break above 14k should confirm Bitcoin bullish intentions and should act more confidence to investors, traders, and holders of Bitcoin.

SHARE

LEAVE A REPLY

Please enter your comment!
Please enter your name here