IMPORTANT DISCLAIMER

BTC/USD 12.10.2017

 

  • Bitcoin broke through the resistance level of over $5,000. We now see a new all-time maximum and a possibility to go up to $5,200 and $5,500 levels.

  • The $4,750 to $4,850 range can be considered the closest support level. It is where purchases with short-term speculative goals can be made. The estimated resistance level is at $5,500.

  • Possible scenario: Bitcoin can achieve the $5,500 level, even $6,000, before investors obtain Bitcoin Gold on October 25. Another possible scenario - small correction to fix profits may reach the nearest support levels of $4,750.

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