Bitcoin What Next

Jonathan Kibbler, October 18th, 2017

Bitcoin bounced from the $3000 zone we pointed out before. Looking at the chart technically again we could see a retracement into the $4500-$4000 zone before seeing another leg higher. If we see a strong influx of new bitcoin users this could drive demand higher and we may see only a slight adjustment before seeing further new highs.

Jonathan Kibbler

About the author: Head currency trader at Colmore FX. Jonathan has been professionally trained by two hedge fund managers in London and has grown a strong passion for financial markets. His trading strategy combines Daily, 4HR and 1HR charts with top down analysis to generate trading ideas.

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