The bitcoin price has broken $8,000 USD – yet another milestone. Now, the price could rise as high as $9,000 before the last round of profit taking occurs ahead of the big rally to $12,000 in early 2018.
Prices left behind a major Elliot Wave movement to arrive at the Gann´s Angle Theory trigger zone, which could launch a rally towards $9,000. Those actions contribute to the likelihood of an imminent rally to a higher bitcoin price.
In addition to having bullish mathematical indicators, the bitcoin price in the mid-term depends heavily on fundamental data. Short-term quotes crossed the Gann´s theory bearish angle to reach the trigger zone, which should launch a bull rally towards $9,000 in the nearby.
From there, sideways trading activity should confirm a new scenario in which the bitcoin price rises to $12,000 as the first technical objective for 2018. What do you think will happen to the bitcoin price?.
https://bitsonline.com/wait-bitcoin-price-12000/Banks, some governments and supermarkets stores are accepting BTC, people are more and more getting an awareness on this thing, so it is pretty much obvious that bitcoins demand will spike and the price will rise. We might hit at 20k$ in before december. It's a reminder that we must work harder to get as much BTC as we can and make it as a long term investment.
Mathematical indicators only process a history but no one really know what can happen.