STRONG Uptrend BTC Going To $3600-$4000

5 Agu 2017

The segwit lock-in is approaching on August 8th and as the date approaches will surely attract more investors as it gives more trust in the original bitcoin also with the Bcash failure. On the TA part there is a very strong bullish formation on the hourly chart as you can see above. Fibonacci next level is at around $3680. If we succeed to pass that level we may see bitcoin touch the 5k milestone probably this August or until mid-September.

Anyway long term I am extremely bullish on bitcoin with the bitcoin rate of adoption rising each month!