BTC/USD is dangerously close to critical support zone. Julian Hosp from TenX says Bitcoin will finish the year at $60,000. Bitcoin, the largest digital currency by market value, is changing hands at $6,245. The coin touched $6,075 during early Asian hours but recovered fairly quickly amid speculative positioning. While the downside momentum is not so active during Asian hours, the end of the working week might bring in some volatility to the cryptocurrency market. Meanwhile, TenX co-founder Julian Hosp came out with a new bullish forecast, saying that Bitcoin price can reach $60,000 by the end of the year. He foresaw the slump to $5,000 with further recovery to $50,000 in the end of 2017, when Bitcoin was trading close to $20,000. Now he raised his forecast even higher, despite bearish mood at the market. Hosp believes that such extraordinary spike will be triggered by a ‘massive positive event,’ such as good news from regulators. Bitcoin’s technical picture On the intraday level, BTC/USD is supported by $6,000. The resistance comes at $6,289, which is the lower line of a broken range. Once this level is cleared, the recovery may be extended towards $6,400. On the downside, a sustainable movement below $6,000 will open the way towards $5,792, which is the lowest level since June 29. BTC/USD, the 1-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Upbeat China trade data fails to lift AUD/USD FX Street 5 years BTC/USD is dangerously close to critical support zone. Julian Hosp from TenX says Bitcoin will finish the year at $60,000. Bitcoin, the largest digital currency by market value, is changing hands at $6,245. The coin touched $6,075 during early Asian hours but recovered fairly quickly amid speculative positioning. While the downside momentum is not so active during Asian hours, the end of the working week might bring in some volatility to the cryptocurrency market. Meanwhile, TenX co-founder Julian Hosp came out with a new bullish forecast, saying that Bitcoin price can reach $60,000 by the end of the year. He… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
