This is to provide a bitcoin charts and bitcoin technical analysis update.
As predicted in the forecast, the rally gained even more steam and accelerated.
Bitcoin prices are up +41.9% in August alone.
Mid term, there is upside toward 20 and then 32 $. Once 32 $ is broken, there is also a potential for a rise into the 100 $ area – if the assumption is correct that bitcoin prices are in a third Elliott Wave (III).
There will always be some corrections on the way and this will not be a straight line type of rise. However, the trend remains UP and surprises should continue to come on the upside.
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