(11 SEPTEMBER 2017)BITCOIN (in USD):Consolidating above $4000.

(11 SEPTEMBER 2017)BITCOIN (in USD):Consolidating above $4000.

11 September 2017, 13:46
Jiming Huang
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btc


Consolidating above $4000.

(By Yann Quelenn )

• Bitcoin has seen some buying interest. 

However, short term selling pressure suggests a 

limited upside potential. However, technical 

picture remain bullish as long as key support 

hold. Monitor the key support at 4078. Strong 

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

Key resistance can be located at 4921 

(01/09/2017 high). 

• 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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