BITCOIN Analysis for November 17, 2017
November 17, 2017 7:23 amVideo
Latest News
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- Analysis and trading tips for USD/JPY on April 11 (US session) April 11, 2024
- Analysis and trading tips for GBP/USD on April 11 (US session) April 11, 2024
- Analysis and trading tips for EUR/USD on April 11 (US session) April 11, 2024
- Technical Analysis – USDCAD surges to new almost 5-month high April 11, 2024
- Technical Analysis – EURGBP’s double bottom still waits for confirmation April 11, 2024
- Technical Analysis – US 30 index slides below 50-day SMA April 11, 2024
- Video market update for April 11, 2024 April 11, 2024
- EUR/USD. April 11th. Fed minutes: inflation concerns persist April 11, 2024
- GBP/USD. April 11th. The US inflation report shocked the bulls April 11, 2024
- Technical Analysis – USDCHF unlocks 6-month high April 11, 2024
- Overview of the GBP/USD pair on April 11, 2024 April 11, 2024
- Overview of the EUR/USD pair. April 11th. The market couldn’t hold up after the inflation report April 11, 2024
- Analysis and trading tips for USD/JPY on April 11 April 11, 2024
- What’s behind the US economy’s resilience? – Special Report April 11, 2024
- Technical Analysis – AUDUSD plummets in the US CPI aftermath April 11, 2024
- Technical Analysis – WTI oil pauses rally but remains supported April 11, 2024
Bitcoin has reached its record high above $7,800 price level and expected to proceed much higher in the coming days. The recovery was quite massive and impulsive recently which proved once again that Bitcoin can overcome any obstacles coming its way and temporary pullbacks cannot stop the gains of this Cryptocurrency. The corrections along the way was a sign of a mature financial instrument where the bulls observed the market and pushed the price higher in a non-volatile impulsive pressure. Moreover, the recent news on Bitcoin Play hitting the Wall Street was an additional push for the Cryptocurrency to gain momentum. Currently, the price is quite indecisive in nature after having impulsive bullish price action yesterday which is expected to follow even today taking the price towards $8,000 price level before price shows any correction or pullback before it proceeds further upwards. As the price remains $6,900-$7,000 price level the bullish bias is expected to continue further.
The material has been provided by InstaForex Company – www.instaforex.com
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