afbitcoins
Long

Bitcoin is breaking free of horizontal range

BITSTAMP:BTCUSD   Bitcoin / Dollar
254 3 4
Throughout 2015 bitcoin has been held in a horizontal range between $320 and $200. But this now looks like breaking to the upside. Buying volume appears very high especially in China, this bull will have legs.

Looking to upsloping channel to see where bull might go, not hard to imagine quite quick rise above $500 from here which would be to middle of that channel.
Quite quick rise is up to $400 so far, still thinking a spike up to $500 is possible
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spot-on!
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afbitcoins lunartune23
Yes it was actually. That spike exactly touched middle trendline, one of my better guesses
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