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BTCUSD new highs

23/11/2017

Bitcoin (BTCUSD) maintained its recent gains near record-highs around $8200 for a third day. However it is unlikely recent momentum can be maintained at such an astonishing rate. Although noted market commentator Thomas Lee has raised his forecast for BTC to $11,500 by the middle of 2018 we see continued volatility within this undoubted upwards trend. It’s going to be a bumpy ride, and not for the faint of heart. For those who are saying that ‘what goes up, must come down’, it is worth remembering that USDJPY was initially exchanged at par.

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