BTCUSD correction is not entirely finished. $30,000 USD Jan 2018
BTCUSD may continue going upwards, however it hasn't even touched the previous upper trendline support level yet. It still has room for further correction.
However, do notice that BTCUSD, like all cryptocurrencies, are speculative investments and are also subject to a high level of manipulation. With Bitcoin mining difficulty set to increase, this also leads to further volatility of the price of Bitcoin.
Using Fibonacci retracement and extension analysis, it is expected that Bitcoin will go as high as $20,000~$22,000 USD by end of Dec 2017/Jan 2018, and will likely resume to hit $30,000 USD very early next year.
BTCUSD can fall to $9700 to $10,000 USD before resuming the up-trend.
However, do notice that BTCUSD, like all cryptocurrencies, are speculative investments and are also subject to a high level of manipulation. With Bitcoin mining difficulty set to increase, this also leads to further volatility of the price of Bitcoin.
Using Fibonacci retracement and extension analysis, it is expected that Bitcoin will go as high as $20,000~$22,000 USD by end of Dec 2017/Jan 2018, and will likely resume to hit $30,000 USD very early next year.
BTCUSD can fall to $9700 to $10,000 USD before resuming the up-trend.