Bitcoin needs to cross 15000$ to start ride again. Bitcoin price is still in correction mode which was started in mid of December. Btc has completed its correction territory and now has the room to rise or get back may be for short term.
The first challenge for btc is to getting above this equilibrium area around 15000$. As per bitcoin graph index does not give the clear inputs right now, just making signal that seller have lost some steams.
ETH/Bitcoin showing strength during the first trading month of 2018
Ethereum/Bitcoin cross broke out in mid-December on the bullish side and triggered the current Eth rise, as Ethereum has clearly outperformed bitcoin in the last month. Price action in the main cryptocurrency cross might be swinging again, and it might be Bitcoin’s turn now to run the Cryptocurrency bulls show again.
This was also a news that KFC Canada accepted Bitcoin. And many more news and event are near to come regarding bitcoin by which btc will again catch its position. Some experts claimes that btc will cross 20000$ this year. But Ethereum and other cryptocurrencies are also fighting for their sustainability and market grooming.
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