BITCOIN Analysis for March 2, 2018

Bitcoin has been quite impulsive with the bullish gains as expected, which is currently residing at the edge of $11,000 price area. Due to the diversification of liquidity from the Bitcoin market to other ICO's and investments, Bitcoin growth has been quite slow but steady and sustainable gains is taken positively in the market currently which may lead to further gains in the future. The speculators and gamblers are currently out of the market as of the current behavior of the Bitcoin price action and the market looks more matured to be traded in the Futures market. As of the current scenario, the price is expected to proceed towards $12,000 price area in the coming days but with certain corrections along the way. As the price remains above $10,000, the bullish bias is expected to continue further.


The material has been provided by InstaForex Company -