Over the past days, a lot of Traders have been speculating that bitcoin
may hit the $5,000 Mark after Breaking the loader import head and shoulders
that we've been witnessing over the past days. However, it seems to be that the price has held off the bullish
market and has become the bearish
run once again. In the event of Beacon continuing to pull back despite it currently being up if we do break below the support that is indicated by the horizontal lines on the graph we may see prices as low as $10,000.
On the other hand, I believe the market may stay steady as we head into 2018 unless we see a sell-off in early January, I still believe that bitcoin
is going to continue it's way to $20,000 over the next weeks.
- Orange - Resistance.
- Pink - Support.
As always trade the lines accordingly.