CarpeMomentum

Bitcoin Investor Tool - BTC likely to trade higher soon

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Looking at the Bitcoin Investor Tool chart which depicts Bitcoins price within the 2 year daily moving average and the same average multiplied by 5 we can see that Bitcoin is trading at the lower band of this channel.
While may trend a bit lower or even break it appears more likely that soon Bitcoin shall rise again and trend towards the upper band to ultimately create a new ATH above the upper band.


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Comment: Apologies on the chart the upper band is the 2 year daily average multiplied by 5