FX.co ★ BITCOIN Analysis for March 5, 2018

Bitcoin has been quite indecisive and low on liquidity recently just above $11,000 price area which is expected to push higher towards $12,000 in the coming days. The bulls are currently quite low with the pressure below $12,000 price area from where the price has failed a lot of time earlier. As there are certain bulls in the market who have been quite successful with the stability of the bullish pressure, the price is currently expected to push higher than $12,000 in the coming days. As of the current scenario, without any negative news on the Bitcoin or Crypto market, the price is expected to push much higher above $12,000 price area with a target towards $15,500 in the coming days. As the price remains above $10,000 price area, the bullish bias is expected to continue further.