(04 SEPTEMBER 2017)BITCOIN (in USD):Gap lower.

Gap lower.

(By Peter Rosenstreich)

• Bitcoin has set a new all-time high but declined

today confirming increasing selling pressures. 

Monitor the key support at 4480. Strong support 

lies very far at 3599 (22/08/2017 low). Key 

resistance can be located at 4921. 

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

an exponential growth. There are decent 

likelihood that the asset will reach $10'000.