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BTC Rising With Morgan Stanley Statement
Technical Analysis

Written by Jordan Bodnar, 27.9.2017

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BTC has received mass speculation from Wall Street but the tides are beginning to turn. Morgan Stanley cheif James Gordon recently argued that bitcoin is more than just a fad. The news should help pick up the price after the recent drop.

Predictive analytics project a similar rise predicting a near $250 price increase over the next couple days to $4446. Going forward we do see price resistence at the $4100 mark. If price breaks above this mark we should see a rise untill the next resistence around $4500.

In combination with positive Wall Street sentiment the bullish projection from pattern recognition shows bitcoin rising on the daily chart.

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