Technical Analysis

BITCOIN Retest Of Key Resistance

Typography

Bitcoin is definitely on a strong momentum. Strong support is given at 2975 (22/08/2017 low). Sell walls around $4000 have been broken. Key resistance can be located at 4921 (01/09/2017 high - All-Time High). The road is wide open for further increase.

In the long-term, the digital currency has had an exponential growth. There are decent likelihood that the asset will reach $10'000.

Author: Swissquote Bank SA Website: http://en.swissquote.com/fx
Swissquote Bank SA
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