Many Reasons. Long-term: Massive C&H on Weekly Time-frame. Extremely Positive news with Ignis Airdrop on 12.28.2017 with free token reward. Short-term: Has broken out of Ichimoku cloud (Setting doubled to prevent false positives) on 1 day, 4 hour, and 1 hour time-frames with Tenkan above Kijun. Extremely Short-term: 1 HR - Massive Bull Penant Consolidating...
Elliot Wave and channel trend analysis on BTC. I think we'll see 8k before fork. And once it hits the top of the channel it is going to correct hard for the 4th wave. Then back to 10k and higher right around December until we never see McAfee eat "it" because it actually goes to 500k in 3 years. EXPONENTIAL. (Disclaimer: I have no idea.)
After the long drop today it appears this is going to break a couple of fib resistance lines
Based on the movement with MACD and FIB retracement lines this is going to 30.53 first. If it breaks then say hello to $31