quantguy

Bitcoin is Back??

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has seen a tremendous surge of bull momentum after news that Amazon will be accepting crypto payments and is developing their own cryptocurrency. We have smashed through $34K which was a significant milestone and a technical level which has proved to be a barrier to BTC . The rally took us just shy of $40K, which is the ultimate validation of another bull run. If we can break this level, then we can be confident the wave of malaise for crypto has ended. We will have support from $37.7K and will have further support by $36.7K, but there is a vacuum zone down to $34.9K if these levels do not hold.
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Comments

Always in the cards. 10,000 dollar swings in place. We have had several and will continue to do so.

Nice chart pattern
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