Many people believe Bitcoin as resumed its uptrend and its 2017 high will be surpassed soon. I believe that Bitcoins bull market remains intact but in the short term the bear market prevails.
Bitcoin volume is light and the bears are still in control in my opinion.We have just had a counter trend rally taking Bitcoin above $9000 however the rally seems to have lost its legs and i am now expecting the bear market to resume taking Bitcoin to lower levels.
Elliot wave analysis in the above video is showing a lot of bitcoin support in the $6500 area.
Where do you see Bitcoin in the short term and in 2018?
Wishing you good health,wealth and prosperity in all you do.
