Published On: Fri, Sep 1st, 2017

Bitcoin Price Analysis: Breach of Local Top Could Lead Push to $5000

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Another day, another all-time high for the BTC-USD markets. Bitcoin has been on a strong bull run since its bottom in the $1800s and, despite many technical indicators, has pushed to new highs, week after week. With the international uncertainty surrounding the North Korean conflict and the recent news of Dalia Blass’s recent hire at the SEC, there is plenty of bullish news to fuel the push. However, the current BTC-USD all-time high resides in the lower $4800s, which many market analysts say is the local top of this run.Figure 1: BTC-USD, 6-Hour Candles, Bitfinex, Recent Bull Fibonacci …

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