It seems a $2,000 dollar price for Bitcoin is only a matter of time!
After maintaining a strong momentum for three days, Bitcoin has established a new all-time high at $1,954 on Bitstamp today. On Bitfinex, where Bitcoin is being traded at a premium, the price of $2,000 has already been hit a few hours ago.
Technical Analysis
I don't expect the $2000 barrier will be broken easily. It's first of all a very strong psychological resistance level, but it's also the 138.2% fibonacci extension since the last correction (The 15% correction from $1890 to $1600 a week ago). Many short term traders will probably take some profit here.
Bitcoin Daily - Open full screen
On the 4-hour chart, the price of $2,000 is around the top of the parallel channel I've drawn.
Bitcoin 4 Hour Chart - Open full screen
Have you got yours ready?
Will Bitcoin breach $2,000 this weekend? Make sure you have your 2,000 party glasses ready :)
Frustrated banker
Here's a video of a frustrated banker reacting when Bitcoin broke $100 back in 2013 ;-)
Have a nice weekend and STEEM ON ツ
