The bitcoin price has broken $8,000 USD yet another milestone. Now, the price could rise as high as $9,000 before the last round of profit taking occurs ahead of the big rally to $12,000 in early 2018.
Prices left behind a major Elliot Wave movement to arrive at the Gann´s Angle Theory trigger zone, which could launch a rally towards $9,000. Those actions contribute to the likelihood of an imminent rally to a higher bitcoin price.
In addition to having bullish mathematical indicators, the bitcoin price in the mid-term depends heavily on fundamental data. Short-term quotes crossed the Gann´s theory bearish angle to reach the trigger zone, which should launch a bull rally towards $9,000 in the nearby.
From there, sideways trading activity should confirm a new scenario in which the bitcoin price rises to $12,000 as the first technical objective for 2018. What do you think will happen to the bitcoin price?.
https://bitsonline.com/wait-bitcoin-price-12000/We ain't still sure that it will be able to reach a market value of 10000 before this year end. But to think that it is possible for its value to reach 12k USD or more next year is what excites me the most and makes me want to invest and hold more Bitcoin. Surely it will be huge profit to be earned net year. Can't wait!