Bitcoin Traders Should Watch $5,600 And $8,900

Bitcoin has been all over recently. After dropping briefly below the $6000-mark back in late June, it raced towards the $9000-mark a month later, before head back towards the $6000-mark again in recent weeks.

Where is Bitcoin price heading next? It’s hard to say, given the volatility of the digital currency markets.

Table 1

**As of 9/20/18, at 10.10 pm

Source: Coinranking.com

Still, traders should watch these two prices closely: $5,613.89 and $8,931.47.

The first price is the average of Hayes’ and Wheatley’s models. “Something I found interesting is that the average of Hayes’ and Wheatley’s models is beginning to converge closer to Bitcoin’s actual price,” says Greg Giordano, my co-author of a research paper on…