Bitcoin is really killing them in a good way. The currency has been battling the higher resistants of 750 and it looks like we may see it push past 750 into the 800 range pretty soon. As you guys know recently we say a rally up to 750 since then it fell into the 730 range but now its back up and looking very bullish. The chart below shows a increase and a uptrend for the past 24 hours.
You can see that the incline is starting to slow down by the lines i put on the chart. Two things can happen, one we can see a price correction back below 715. The second thing that could happen is that we continue to maintain the 745-750 price and then see a rally within the next 2 weeks. I don't think it could go either way i honestly and firmly believe we are seeing the start of a big rally. Why do i think that? We have so many countries trying to come online wit BTC that a price increase is inevitable.
What is my prediction for the next few weeks? I think that by the second week of December we will see Bitcoin passed 800 and pushing towards the 900 range. If im correct about this we will see Bitcoin up over 1000 by February. I have been correct before but what do you guys think? When i started writing about Bitcoin the price was 570-580 range. I hope you invested!
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