FX.co ★ Bitcoin Points To New Highs!

BTC/USD moves sideways in the short term accumulating more energy before resuming its upwards movement. The price is traded far above the uptrend line, so the outlook is bullish, Bitcoin could continue to increase even if it has reached a fresh all-time high of 24,300.

Moving sideways, BTC/USD tries to attract more buyers after the most recent aggressive growth. The rate has decreased a little only because there were traders and investors who decided to close their long positions.

• BITCOIN FORECAST!

The price could increase anytime again as long it stays above the uptrend line. Passing and stabilizing above 24,300 indicates further growth towards 25,000 psychological level or even higher.