Following the price closely for the last several weeks, I have no reason to do in-depth technical analysis as it seems basic TA and psychological barriers are holding the strongest currently (as seen in my past charts) - I feel that everyone is over-analyzing the charts and not looking at the big picture here.
Here we have a simple triangle that we are staying within and will most likely breakout of within the next 24 hours. In my opinion, we will reach new highs and most likely break
12K by the end of the week. If, however, we breakout downward, we will most likely fall back to the $11.1k retracement level and bounce back upward. We still have close to a month left of 2017 and everyone is currently bullish which I think will continue to push the price higher for the rest of the year.
Here we have a simple triangle that we are staying within and will most likely breakout of within the next 24 hours. In my opinion, we will reach new highs and most likely break
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