Bitcoin - Will trade higher from a technical point of view [Video]

Eddie Tofpik ADM Investors Services International Limited

Bitcoin - Will trade higher from a technical point of view

Eddie Tofpik, Head of FX at ADMISI talks to Nick Batsford about the technical outlook for Bitcoin. Tofpik notes the halfway hesitation level at 8200, the levels to watch are 6710 support and 5530 and upside 7788 and 8200. Also the projected fib level 9276.

Topik also highlights the proposed CME Bitcoin futures contracts, which will allow institutions to get involved in the cryptocurrency having not previously had the mandate to do. Institutions trading the Cash settled contracts could go long or short.

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Author

Eddie Tofpik

ADM Investors Services International Limited

Eddie Tofpik has over thirty years experience in international commodity markets & twenty five years experience in the foreign exchange markets and brings a wealth of knowledge & understanding to his topic.

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