Bitcoin & NEO Remain Strong
Bitcoin has risen from the lows of around $3000 in mid-September back to near $4400. We are now at what was major resistance before the break. I expect there to be a pause here. BTC has been riding up a nice channel since around $3500 so any break of that trend to the downside will signal that pause.
NEO has also asserted itself as a leader in this recent rally and continues to shows great strength. This will be a key week for both Bitcoin & NEO as they are right at resistance points. NEO however has recently broken out of bull flag pattern and if it gets above 850k satoshi level, we could see another strong leg up to around 1000.
I posted a video recently outlining the key levels I’m watching for Bitcoin, NEO, Ethereum and a handful of altcoins I’m watching here. In summary, the market remains in bull-mode but a pullback would be normal here. We’re starting to hear more noise around another coming hard fork for Bitcoin in November and counties around the world continue to sound the alarms on ICOs and Cryptocurrency regulation. I do not expect that to go away anytime soon.
Below is the latest video with the technical analysis on the coins I mentioned here.