In my yesterday's analysis, I already described the Stochastic indicator and the still intact bull-trend. Right now, I read a great trend analysis from Goldbug1 with abundant evidence for a continuation of the bull-trend. I will add one more evidence for a further continuation of the ongoing bull-trend. In the above chart, we can see that the price of BTCUSD is locked inside a symetrical triangle already for weeks. This is a strong signal for a trend continuation. I expect that the price of BTCUSD will outbreak that triangle on the upper side around January 12, 2018 or earlier and move up to 22500. This expected outbreak is marked with "5?" in the above chart. However, we shall still be prepared for a sudden downturn. If the triangle would be broken at its downside and the Stochasitc indicator would violate its strong long-term uptrendline, we had to expect a real massacre of the price of the Bitcoin. The price may drop as low as 5568.
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