Bitcoin price update 18 February 2018

Bitcoin (BTC) is the apex cryptocurrency. It can be said beyond the shadow of a doubt that Bitcoins drive the market trends. Hence, it is interesting to notice the movement of BTC, which can foreshadow the growth of other cryptocurrencies. Bitcoin prices have been witnessing a major surge in price over the past couple of days – and this growth rally is expected to continue for another 24 to 48 hours.

Bitcoin, which surged past the $8000, $9000, $10,000 and $11,000 marks over the past three days – is now heading towards the $12,000 mark. It is being expected that it is at $13,000 Bitcoin price will meet with a strong resistance. A market correction is likely to follow and prices may drop by $1,500-$2,000.

Over the past 24 hours, Bitcoin price surged from $10,479 to $11,330. If you look at the larger picture, over the past week, Bitcoin price soared high – starting the week at $8,333 and closing at $11,330. Even the market cap has risen – beginning the week at $139 Billion and rising all the way to $190 Billion as of this writing.

Bitcoin price update 18 February 2018
Expected movement of Bitcoin price | Image; Tradingview

The most critical aspect that Bitcoin enthusiasts should look forward to is the formation of a line of support. Once a strong support builds at the $10,000-$12,000 levels – it is only then that the $13,000 resistance can be breached. For the bullish investors, the current ‘bull-flag target’ is that of the $12,200 mark. From there to $13,000 – there are likely to be a number of unstable movements.

However, if over the next week, Bitcoin prices do manage to surpass the $13,000 mark – expect an even stronger growth which may even take the price as high as $15,000 where another major resistance awaits. However, for now – the need of the hours is building a strong support.

For more (BTC) Bitcoin price related updates and news stay tuned to Cryptocrimson or you can also bookmark our page. We’ll also keep adding updates to this article for real-time analysis.

You can check out our updates on other cryptocurrencies as well:

Disclaimer: Neither the management nor the authors at CryptoCrimson are responsible for any losses, financial or otherwise, which may occur due to investing based on our articles. These are market predictions – which are not set in stone. The information provided is only for educational purposes and cannot be considered a financial advice.

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Simran is a computer engineer. By choice, she is a writer and an editor. She loves playing and following football. An ardent supporter of the Barcelona Football Club, she also loves watching re-runs of ‘F.R.I.E.N.D.S’ TV show. Simran has been investing as well as writing about cryptocurrencies since 2013. You can contact her on


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