Bitcoin surged above the prior high without any real issue, touched $2900 and pulled back to the break-out level from around the first Fibonacci-extension at $2925. BTC is still on a buy signal with the short-term trend still being intact. The Fibonacci based targets for the current move are $3050 and $3260, with the prior swing ...
There is a reason behind bitcoins continuous trend toward $3,500.. The current rise in bitcoin price is more stable than its previous price changes and it is looking for monthly support level. Monthly pivots yield a resistance maximum at around $5,800. Major rallies always happen in this volatile cryptocurrency markets. For example, within the period of one week, the bitcoin price went from $1,700 to $2,700. It looks like a bigger correction as normal, but later price stabilized at $2,200-2500 resistance levels. In overall, the value of BTC increased by 124 percent in 2017 and it will hit 3500$ after August
