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Friday, August 11, 2017

Bitcoin Party Over? Minimum $3,504 Today to Avert Plunge: Forecast

Bitcoin Party Over? Minimum $3,504 Today to Avert Plunge: Forecast

Bitcoin can only avert a bear run if it closes up above $3,504 today, according to a mainstream investment source.


In a bulletin on Bitcoin’s weekly price performance Thursday, FXStreet said that despite all-time highs, the bullish sentiment behind Bitcoin “had run out of steam.”


“On the higher side, only an end of the day close above $3,504 would revive the bull market trend, although we would want to see a spike in the volumes as well,” it stated.


In terms of a “reversal” of fortunes, the publication sees levels around $3,100 or $3,000 as “likely in the short-term.”


Full story at http://bit.ly/2uM0Y6g


Source: CoinTelegraph


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