empty
 
 
19.01.2018 12:30 PM
Bitcoin analysis for 19/01/2018

Host of the Bitcoin Knowledge and well-known lawyer Trace Meyer suggested that Bitcoin could reach $115,000 in 2018 after the correction is completed. Meyer informed another analyst Tony Vays about suggestion, what to expect in the next eleven and a half months: "$115,000, despite the theoretical capability based on previous behavioral cycles, would be very overvalued" added Mayer.

The main exchanges offered $11,500 yesterday, the lowest level since the end of November. Mayer's optimism has in the meantime been partially echoed by the mainstream edition of the Business Insider magazine earlier this month. There is also a talk of Wall Street's involvement in moves in the cryptocurrency markets. The publication suggested that this additional investment could result in a "discount" Bitcoin. Mayer claims that the "fair" value would be between $ 9,500 and $ 14,340.

Prior to this year's crisis, investor Fundstrat Tom Lee suggested returning to $20,000 in 2018, which, if completed by June, could lead to another move towards record highs: "I think Bitcoin is still something that should be your property", Lee said in an interview with CNBC network.

Let's now take a look at Bitcoin technical picture at the H4 time frame. The market is still testing the technical resistance at the level of $12,024. Any breakout above this level would lead to the test of the next technical resistance at the level of $12,737. A breakout above $12, 737 will confirm the bottom at the level of $9,200.

This image is no longer relevant

Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback