BITCOIN Analysis for February 15, 2018

Bitcoin has been quite impulsive with bullish swings which has recently retested the $10,000 price area. As for the recent bullish pressure in the Bitcoin market, the price is expected to push much higher after it clears $10,000 price area with a daily close in the coming days. After a lot of regulators trying to regulate bitcoin which led the price for a drastic fall, the stable bullish gains indicate overcoming the obstacle with an objective of further bullish gains in the future. As for the current scenario, the price is expected to proceed higher above $10,000 price area from where the price is expected continue its impulsive bullish run towards $12,000 in the coming days. As the price remains above $7,500 price area, the bullish pressure is expected to continue further.


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