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RE: Will Bitcoin break $10,000 within a month? [Intro to Basic Technical Analysis]

in #bitcoin7 years ago

Bitcoin has revolutionized the definition of money I think it's a fantastic tool and even better store of value over time.

For my technical analysis I use Stochastics along with Bollinger Bands and Fibonacci Retracement. I normally look for resistance and support levels as well as using some market sentiments to guide my price forecasts.

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I would like to see Bitcoin break $10,000 in a month. Realisticly I dont think it will happen. In two months, it certainly could. For September my estimate is around $8-9K.


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I agree re: Bitcoin !
Any particular Stochastics? That will probably be #4 on my TA blog series... what market sentiments do you use?