Bitcoin Price Forecast 8/28/2017

This one goes out to Janet Yellen- BUY BITCOIN! Current MC: $159.8B

The time has come to fully embrace blockchain (and blockchain inspired) technologies in order to unleash their full potential. We are on the cusp of a technological, social, and financial r/evolution. The use cases for these technologies are growing daily and the more people that are involved the better. Bitcoin is the king of this crypto space and will stay on the throne for quite some time so hold onto your BTC for the long haul people!

In today's chart you will see that we are slightly overbought and could retrace back down sub $4300 today. The volumes seem to be picking up as the network congestion has cleared somewhat. Fees have been going down slightly but are still high in my opinion. Alt-coin markets are LOVING these conditions that Bitcoin has presented for itself as users look to faster and cheaper alternatives in the meantime.

Likely Scenarios:

• BTC holds above $4250 where it has had strong support many times but mostly stays above the moving average
• BTC holds in the $4350-4400 range until volumes resume and we can attempt new highs

TLDR Version:
Bitcoin is not going anywhere, the only way is up (for now). Bulls have charged in full steam this month bringing their stocks and precious metal money with them. Expect prices to hold above $4250 all day.

Price Target:
$4420

*Never invest more than you are willing to lose and always do your own research before making any investment decisions.

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