Bitcoin Price Analysis — The trend is still your friend

After a strong rejection at US$6200, the Bitcoin price is up 11% from the week’s lows, now with a market capitalization of just under US$100 billion. As the age of the Bitcoin fork is being thrust upon us all, with Bitcoin Cash, Bitcoin Gold, and on November 16th,SegWit2x, the fundamentals surrounding these forks are murky at best and a disaster at worst.

Remember, all trading carries risk. Past performance is no guarantee of future results.