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02:07 11.07.2019
2019-07-11
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Bitcoin Forecast And Analysis For 11th July: Sharp Rise Pushes Price To 13,000

Hello everyone, this is a daily review from Liam Webb from CryptoTradingSchoolOnline specially for Neironix.

Bitcoin has risen further today, hitting 13,000 for the first time since last months crash. The fact it's made it back here suggests price could keep rising over the coming days and maybe even break 13,866, which is the current high created by the crash.

At the time of this writing, the bitcoin course was equal to $12,995 and the market capitalization was $232 billion.

The rise started after yesterday's decline ended and picked up steam early this morning. The rise was initially quite strong, being made up of some big bullish candlesticks, but has since lost momentum, and it looks like we could see a small decline before the price rises further.

As for what you should do next, I still think we'll see a bigger decline of some sort begin when the price reaches the current high at 13,866. It's likely a buy area will form before that — possibly from the decline that might be about to begin — so that'll be the point to watch to get into the next rise. If the price falls again, watch the two buy areas for entries.

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