This is my first post on Bitcoin analysis
Current Bitcoin Rate 10720$ on Bitfinix while writing.
Today Bitcoin is so bullish that an immediate surge of almost 10% came in one day. This surge came due to some news and upcoming fork.
I am listing it down so you can check it and get information
- Bitcoin Core 0.16.0 With ‘Full Support’ For SegWit Gets Official Release (https://cointelegraph.com/news/bitcoin-core-0160-with-full-support-for-segwit-gets-official-release)
- Bitcoin Private Fork (https://btcprivate.org/)
On Technical Analysis Part Bitcoin needs to survive above 11k$+ to move further. Volume is too good but we need more volume to move further.
This scenario is effecting Ethereum Classic and its price is decreasing badly but need buyers can fill up bags at this good price to get some profit booked.
Chart showing the major resistance at 11k$ . It needs to break this resistance to move further upside.
If you feel any corrections should be made then suggestions are welcome.
Let's See what happens next.
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