ew-forecast

Can BitCoin Hit 4600, Then 5000?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bticoin did not move much in the last 24 hours, so our view remains unchanged. We are still looking up and expecting a break to new all-time high this week as recent set-back to 4150 unfolded in three waves. Its a contra-trend move which suggests that bullish trend is still here, for 4500, maybe even 5000.
Comment: There was a nice push up since we posted analysis. Reaction higher is sharp so probably wave three in progress that already hits our first levels at 4600, so more upside may follow now towards 5k, but market should stay above 4300.
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