BTC USD 17/02 My Take On It

Current Price: $10772

Current Volume Across All Major Exchanges: Ranging between 11.1k & 4.5k (Higher than Yesterday)

Day’s Support: $9753.2

Resistance: $10853.8

Current Pattern, if any: None for the given moment

Stoch-RSI Oscillator on Daily: Indicates an Overbought Signal.

Current Fundamentals:  Strongly Positive News Releases across Major Media sites.

Forbes debating as to whether Bitcoin established it’s low at $6,000.

Express.co.uk talking about how Bitcoin breached the $10,000 mark.

Market Watch makes mention of an Anonymous trader purchasing $400 million worth of Bitcoin.

Consensus: Bitcoin is still looking rather good from both the Technical & Fundamental Perspective at this given moment (17/02/2018). The media is assisting the asset’s appreciation by indirectly condoning the influx of new money. As I write this analysis BTC/USD seems to have a resistance point at my previously (yesterday’s) mentioned zone of 11200-10800, we suppose it’ll either break into that zone and face further reconsolidation challenges at the 12223.1-12748.6 Price Zone,  or maintain itself over the weekend in the 10383.8-9959.4. The fundamentals and most importantly the increase in Daily Volume suggest than an appreciation in value is most likely.

Trade Well,

Kyrill Krystallis.