JimMakos
Long

Bitcoin set for restart?

BITSTAMP:BTCUSD   Bitcoin / Dollar
646 2 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?
sraosha
2 years ago
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
2 years ago
A favorable for Bitcoin upset would be European bond yields beginning to rise again, as they did so a week ago.
Reply
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