Is BitCoin's Uptrend Over? What's the next move of BitCoin?
BITCOIN is an interesting counter to walk because it made an all-time high of $4,979.90 on 2 September 2017. Since then, due to some adverse news, the price went to the recent low of $2972 on 15 Sep 2017.
Investors like you may be wondering Bitcoin may do in the following weeks. From a technical outlook, Based on our forecast, if this recent downward movement continues, we could see potentially the price of Bitcoin can drop to $3,030 as our first target and if this level cannot be held, the price may further drop to $2,500 potentially as our second target. On the other hand, if this recent downward movement represents a healthy retracement of the longer term uptrend, we could see potentially the price of bitcoin rebound to $4,200 as our first target followed up $4,550 as our second target.
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
#BITCOIN #FORECAST
Investors like you may be wondering Bitcoin may do in the following weeks. From a technical outlook, Based on our forecast, if this recent downward movement continues, we could see potentially the price of Bitcoin can drop to $3,030 as our first target and if this level cannot be held, the price may further drop to $2,500 potentially as our second target. On the other hand, if this recent downward movement represents a healthy retracement of the longer term uptrend, we could see potentially the price of bitcoin rebound to $4,200 as our first target followed up $4,550 as our second target.
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
#BITCOIN #FORECAST