Bitcoin Trend Weekend Update / Correction is Needed But BTC Might Reach 10000.00 Before Year End.

8000.00 / 50% Fib extension level is a psychological cap for many Bitcoin holders. This means, there is going to be a resistance at 8000.00.

However if the 8000.00 resistance keeps getting tested repeatedly by buyers, then there is a possibility that it will break out to bigger highs.

I think correction is needed, if not at 8000.00 / 50% Fib extension then at at 8638.00 / 61.8% Fib extension.

But as the 76.4% Fib extension at 9350.00 and 100% Fib extension is located at 10500.00, bitcoin price might reach 10000.00 levels before year end.

YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.

What You Know About --> Fibonacci Retracement in Trending Market.   

If You Are New Steemain Read  --> Get Started Fast with Steemit.   

If You are New in Forex  --> Read Forex Education Center / Volume I.    

If You Feel Invisible on Steemit  --> Come and hang with us.   

What You Know About --> Syrian Civil War.