Objective Forex: July 2018

Tuesday, July 31, 2018

Bitcoin, Up or Down?

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Bitcoin. Up or Down?

Earlier in February Bitcoin suffered a big drop down from the exponential sky-rocketing move to the ATH of nearly $19,000 per bitcoin, testing heavy support around the $6000, and $6500 price points, the next few months appeared bearish until a slight reversal began around July, because of this action and the strong multiple test points of the support line we are shifting over to a bullish outlook on Bitcoin going forward. 

Outlook: Bullish

Buying Price: $7,350

Projected Upside Price: $12,900
Time frame: 1-4 months