The traders continue to push the price of Bitcoin, while altcoins are dumping more and more, Bitcoin’s market dominance has crossed 55 percent, which shows that it’s now becoming a crowded trade. At times, it’s a good strategy to take the bet against the crowd.

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BTC/USD

Leading by the demand on bitcoin by people in order to get bitcoin gold on 25/10/2017, Bitcoin has reach a new all time high price at 5819

After the creation of bitcoin , Bitcoin broke out and record a new a new all time high price on Aug. 5 .

Looks unlikely. Last time, there were a number of folks who had sold off prior to the fork and were sitting on the sidelines. When Bitcoin did not crash, as a few had expected, all this money jumped back in, boosting prices within a short span of time.

However, this time, people seem to be buying prior to the fork, so that they can benefit from the new coins. This is looking like a crowded trade. Can this get more crowded? Certainly.

We may have to buy at higher levels, but, that’s how it is. It’s very difficult to buy at the bottom and sell at the top.

Nevertheless, for traders who want to hold on to their long positions, the next target on the cryptocurrency is $6197. Bitcoin has support at the $5000 levels, which had been a strong resistance until now. The cryptocurrency will not become negative until it breaks below $4800 levels.

The best option for you is to take profit on your btc and to wait for the next waves to buy bitcoin .

ETH/USD

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Ethereum has break today the suppor line of 349 USD, and reach 357 USD, if you have buy under 349 USD i advice to take profit now on ethereum or you can wai until the hardfok of Ethereum on 17/10/2017 because if ethereum break the support level of 350 USD, the next target for ethereum will be 370 USD, keep a stop lose around 330 USD

LTC/USD

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Litecoin is one of the few altcoins that showed strong buying support yesterday. Though we did not have a buy recommendation on Litecoin, we did mention that it will become positive once it breaks out of the range.

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You can open a around 58 USD, the target profit will be around 71 USD with a stop lose around 55 USD .

Read also :

Four major factors of bitcoin price surge