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Would You Like To Find Out The Price Predictions To See If Will Bitcoin Will Get Above $7,000 In October 2018? Above all, Bitcoin has been in a bear market for the majority of 2018. Last month, Bitcoin was trading at almost $7.500 until rumors surfaced that a large brokerage was pulling out of a deal to make a cryptocurrency related Exchange Traded Fund (ETD) according to CNBC Fast Money Traders. However, the price of Bitcoin sunk down below sixty-five hundred dollars but now trades at $6,617.03 on October 8, 2018, on Columbus Day. However, despite Bitcoin struggles to get about the $7,500 mark, many people at the best digital exchanges you can buy, sell and trade altcoins feel Bitcoin is in for a Strong Bull Move. However, the question remains when will this happen. Will the price of Bitcoin shoot above seven thousand dollars this October 2018?
So, Will Bitcoin Get Above $7,000 In October 2018? Well, it is hard to say for sure. Many other “so-called crypto experts” have been very wrong on their bullish and bearish Bitcoin predictions. That said, we are starting to see some very positive news about Bitcoin over the last few weeks. However, it is almost impossible to predict the price of Bitcoin or any cryptocurrency. That said, on the last day, the price of BTC increases 1.14 percent. According to ArmyOfBitcoin.com, The Circulation Supply is 17,311,575 BTC and the twenty-four-hour volume sits at $3,977,284,273. First of all, when you look at the BTC chart from the past two months, it is clearly flat. Over the past several bull runs, Bitcoin has appeared to break out near the descending triangle, which it is coming close to. This pattern may indicate a breakout is coming soon. Also, the last time Bitcoin’s Chart formed this pattern, the price went up to almost eighty-five hundred dollars in July 2018.
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Indeed, Mati Greenspan Of eToro is a well-respected cryptoanalyst. Recently, he says This is a classic breakout pattern. As you can see the range (defined by the yellow lines) is getting narrower and has reached the tip. The price will now break out of the triangle. Usually, the direction of the breakout carries great significance”.
Another thing to take into consideration is Bollinger Bands (BB). Above all, Bollinger Bands (BB) are very well respected for analyzing stocks and other financial instruments. Above all, it appears that Bitcoin is in a ‘Bollinger Squeeze (BB squeeze).’ Furthermore, this can happen when the lower and the upper bands are very close together on the chart. Overall, the last six times Bitcoin was in a Bollinger Squeeze (BB squeeze), the price increases significantly. An example of the last time Bitcoin was in a Bollinger Squeeze (BB squeeze) was in December 2017. This time period brought about the largest and most significant Bitcoin bull run, which went as high as nineteen thousand seven hundred dollars. Will Bitcoin hit that number in October 2018? Probably not, but it may shoot above seven thousand dollars.
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