2016/11/14 5:00 AM
After Showing its strength to a massive public scope from traditional media, the bitcoin price has started the next climb, which is set to double quotes during December
Also read: Altcoin Report: The Blockchain, In Space?
Bitcoin Price Technical Analysis
Prices built an intermediate level at $700, creating a premature lateral sideways market, which was estimated to form at a higher level, increasing volatility in a big flag pattern.
Once the flag pattern appears, we should see another short climb to the technical objective at $820 and beyond. If this forecast comes true, then the euphoric bubble would be on, doubling the present quotes before the end of 2016.
Since August 2016, the bitcoin price has been synchronizing with a rising 45-degree axis.
Now, among several confusing patterns and false signals, the easiest thing is to assume is that the synchronization is about to be completed,…