(23 OCTOBER 2017)BITCOIN (in USD):Consolidating near highs.

Consolidating near highs.

(By Peter Rosenstreich)

• Bitcoin has bounced strongly suggesting a

near term test of 5866 (all-time high). Strong

support stands very far at 2975 (22/08/2017 low).

Bitcoin si ready to set up new all-time high. The

road is wide open for further increase. In the

short-term, the digital currency should monitor

$6000.

• In the long-term, the digital currency has had

an exponential growth. There are decent

likelihood that the asset will reach $10'000.

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