CeoCodes

Bitcoin 18K price action

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BITSTAMP:BTCUSD   ビットコイン/米ドル
Bitcoin appears to be restablishing support above this price level.

“Bitcoin is currently consolidating between $18,000 and $19,000,” said Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital. “We are also witnessing an ascending triangle pattern on the chart, and a breakout above $20,000 this month is a possibility,” he added.

“On the downside, there is decent support in the zone between $18,500 and $18,000,” noted DiPasquale.

Price strength & consolidation through 1877 is needed to confirm a sronger move up.
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