BITCOIN Analysis for February 27, 2018

Bitcoin has been quite impulsive with bullish gains recently above the $10,000 price area, which is expected to push the price higher in the coming days. The market players are still lacking confidence in Bitcoin and seem to be quite indecisive. The hype of crypto market is currently fading away, whereas the gains of bitcoin has been quite stable. Most of market giants have already been realizing the stability of the crypto market, while the value of bitcoin has not been as drastic as expected. The bitcoin market lacks liquidity, but sustaining gains is a good sign of mature market structure. As of the current scenario, the price is expected to head towards the $12,000 price area in the coming days if the price remains above the$10,000 price area.

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The material has been provided by InstaForex Company - www.instaforex.com