BITCOIN Analysis for March 1, 2018

Bitcoin has been quite bullish today above the $10,000 price area after a lot of correction along the way. The price is expected to push higher towards $12,000 in the coming days if the price manages to hold above $10,000 in the coming days. The price has been quite corrective between the price areas of $10,000 and $11,000 as today’s bullish pressure is expected to push higher. There has been no fundamental news or event on bitcoin recently which affected the liquidity of the bitcoin market, but the bullish gains are still quite stable. Currently, no regulators are bothering about the bitcoin market, which resulted in sustainable gains on the bitcoin above the $10,000 price area. As the bullish pressure remains constant in the coming days, further bullish gains are expected above the $10,000 price area.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: BITCOIN Analysis for March 1, 2018