BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Here are some important levels and distances from prior new highs to pullbacks, all around 15-20%, but with this particular pattern a bit stronger. Vertical dashes are measurements to highs from support and also pullback levels from highs back to support. I think we will see loads of buyers coming in at this 15500-16500 area and we will see some tension on the way to BTC at 20,000. Keep in mind that Segwit2x and Lightning are in the pipeline. If we get the Lightning Network gets off the ground and Bitcoin solves the congestion problem on the chain, then we are back off to the races. Get into Bitcoin! Get into Alt Coins! Get off the sidelines!! Cheers - BB
After being attacked by fake bitcoin early it is still positive tonight.... Thats all that has to be said for this one. #goldstandard
+1 Reply
I sensed today that the BTC PR machine had trouble, with lots of countervailing BS (Korea hack, BTC's energy-consuming debut on GDAX, CME entrance), but was otherwise exiting its downtrend.
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