Bitcoin Forecast October 16, 2018


Bitcoin had an interesting session on Wednesday, initially spiking higher and breaking above the downtrend line that we have seen on the chart for so long. That was a very good turn of events for technical standpoint and was backed by fundamental news in the sense that Fidelity investments is putting together a platform for institutional trading of crypto currency. This is one of the things that people wept looking for, Wall Street getting involved in the crypto currency market, which is interesting considering it goes against everything that crypto currency was started for.

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