Bitcoin Price Analysis 02 Nov 2017 - It might hit 8170 level if momentum continues.

in bitcoin •  7 years ago 

Bitcoin's uptrend momentum is continuing from ~$3200 level and it's continuing to breaking every resistant level. Currently the price is setting at $7240. Take a look at the chart below, In my previous article I mentioned that 7400 level could be reach and act like potential resistance.

Bitcoin Price Chart.png

For the last two days it's not able to break this level. If it breaks above this level then we might see a potential resistance level at $8170.

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7 years ago by

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      ·  7 years ago 

    Calling @originalworks :)
    img credz: pixabay.com
    Nice, you got a 20.0% @trafalgar upgoat, thanks to @rasif
    Want a boost? Minnowbooster's got your back!

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        ·  7 years ago 

      Not quite sure what you're looking at, but we are in a 24 hr. down-trend. You appear to be very optomistic!

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          ·  7 years ago 

        Actually I'm not predicting the pricce will go up and up. I'm looking at a daily chart and there's a resistance and the price isn't able to break above the resistance level. So, if the resistance is broken then the reach could be possible, otherwise the price will fall back 6500 level.

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            ·  7 years ago 

          Yeah! That's what I'm hoping for.

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            [-]
              ·  7 years ago 

            Momentum will go up, but I'm affraid it is going to be on the downside. As soon as the Segwit2x fork is executed, it will go down...hoping for some support around 4500—5000$

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                ·  7 years ago 

              I'd buy more when the price will fall.. Waiting for that to happen :D

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                [-]
                  ·  7 years ago 

                That makes two of us!!👍

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                    ·  7 years ago 

                  You got my vote and a resteem :)

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                    [-]
                      ·  7 years ago 

                    Thanks @ipkiss

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                      [-]
                        ·  7 years ago 

                      wow

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