2017 was a breakout year for Cryptocurrency. Bitcoin, Ethereum, Litecoin and others rocketed higher as the message spread.
Will the trend continue in 2018?
Today we’ll look at the outlook for Bitcoin, highlighting the yearly pivot points for traders.
Bitcoin Yearly Pivot Points
Bitcoin (BTC.USD)Â in 2018Â has KEY support on the Yearly Pivot Point (YP) at $11,465. This is an important level for traders to monitor.
If the Yearly Pivot holds as support, it should open the door for a test of the Yearly R1 Pivot (YR1) at $22,195 in 2018. If the price of Bitcoin fails at the Yearly Pivot, it may open the door for $7,000 (the 200 day moving average) or Yearly S1 Pivot (Ys1) at $4,000. I personally don’t see that happening, but anything is possible. Note that the best case for Bitcoin in 2018 is the YR4 Pivot Point at $50k!
Computer algorithms buy & sell at Pivot Points. Know In advance where these key Pivotal Pivots are at on PivotalPivots or catch me on Twitter.
Twitter: Â @Pivotal_Pivots
The author may have a position in mentioned securities at the time of publication.  Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
