JimMakos

Bitcoin set for restart?

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
813 views
1
Who pressed Bitcoin's restart button? Bitcoin up $50 in the last 24 hours.

Why Bitcoin's recent climb has potential:

1. Downtrend has ended, noted by the broken red line.
2. Volume spike.
3. Filled green candlestick .
4. Possible upcoming upsets in financial markets.
5. More companies/websites now accept Bitcoins .

Can you think of any other reasons? Or maybe you disagree and believe Bitcoin will plummet. Hm?

Comments

Not clear if "upcoming upsets in financial markets" are positive or negative for BTC. I estimate the next 3 weeks will be interesting. It could also mean that people need to liquidize their BTC to cover losses elsewhere.
Reply
JimMakos sraosha
A favorable for Bitcoin upset would be European bond yields beginning to rise again, as they did so a week ago.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out