Bitcoin bulls run to $17192 about 2 days ago and went down all the way to $15585 on Bitstamp. It is currently at $15785. So $15585 is temp support if this breaks we might go down to next support at $14290. But so far things are looking good and this dip might be good consolidation and an opportunity to buy in on Bitcoin before the next rally.
As I showed you in my last post, there are many analysts looking at $23500 as next target for Bitcoin. So this looks like a small pull back. There is resistance at $17192 so we want to break this to make new highs to $23500.
Here is the technical analysis from The Chart Guys on Bitcoin, Ethereum, Litecoin, Ripple and Tronix:
Please comment below with your thoughts on the Bitcoin price.
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