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Bitcoin Climbing to $6000 by End of Year? Not Unrealistic.
Technical Analysis

Written by Jordan Bodnar, 4.10.2017

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Bitcoin already reached an all time high this year - easily breaking $5000. With recent regulation increases by US and Asian governments the argument for the cryptocurrency to accelerate back up has grounded support.

However volatility is expected. Looking at the pattern recognition chart (Daily Timeframe) we see the most similar price patterns expressing some significant swings. The overall trend over the next month has a bullish projection - forecasted to even reach almost $6000 by the end of the month. While that timing might be too soon the end-of-year price level is potentially in sight.

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