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Assessments / Blog 2017-11-28 Crypto News BITCOIN Bitcoin hit a record high of over $9,700 Yesterday, bringing it close to the psychologically important $10,000 milestone. It has been an amazing year for the cryptocurrency — from January of 2017 to November, its market valuation increased from less than $15 billion to $156 billion, the last boost was driven by investor interest around Thanksgiving and Black Friday shopping. As bitcoin slowly creeps toward $10,000 per BTC, people are starting to question where the high really will be. It is nearly at the top of the channel at $10400. If it continues on this path with the current momentum, we should see the $10000 plus level today. Expect some profit taking at this historic level. RISK DISCLOSURE: The information delivered here is for educational purposes only and is not intended to be a recommendation to purchase or sell any of the stocks, futures or other securities referenced. All references are for illustrative purposes only and are not considered endorsed or recommended for purchase or sale by MC Trading. Trading Forex, Stocks and Options, Futures and any Commodity or ETF contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results and no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. MCTrading has taken reasonable measures to ensure the accuracy of the information contained herein and on this website, however MCTrading does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or from an inability to access such information or any delay in or failure of the transmission or receipt of any instruction or notification in connection therewith.
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