Bitcoin Price Analysis

Bitcoin current price: $12,800 as of 12 January 2018, 12.30am (UTC time)

Bitcoin target price 1: $16,000 by 18 January 2018

Bitcoin target price 2: $19,500 by 27 January 2018

Rationale

Technical Analysis: Bullish pennant, as shown on figure.

Action: either buy the low dip (now) or wait until resistance breakout at $16,00 for btc run up to $19,500.

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