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Stochastic is on the move up to show that buyers are in control of price action. RSI has more room to climb so bitcoin price could keep following suit until both indicators turn from oversold levels.

Due to the massive price spike, this year Bitcoin has caught the attention of mainstream media with publications like CNBC, Wall Street Journal , Bloomberg and more writing headlines about the cryptocurrency regularly. Furthermore, well-known billionaire types and top financial strategists believe bitcoin’s price will continue to go moon-bound. This includes the former Bear Stearns limited partner Jeffrey Epstein, Fundstrat’s Tom Lee, and Fortress’s Michael Novogratz all saying they see massive potential with bitcoin. Novogratz says that he thinks the price of a bitcoin will touch US$10,000 in six to 10 months. Tom Lee thinks the price could reach $25,000 in just five years if bitcoin investors capture just 5 percent of the gold market. 


Non-OPEC Production & Crude Oil Prices

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OPEC Production & Crude Oil Prices

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