JimMakos

Bitcoin going for $1,000+ next week?

Long
MTGOX:BTCUSD   Bitcoin
3
goo.gl/doOC6T Here is a risky prediction: Bitcoin breaking above $1,000 next week.

I spot a declining trendline that is getting pierced today with a strong bullish candlestick. If only volume was getting bigger as well.

Still, at this point I would avoid shorting the crypto-currency.

Is it a fake breakout? Will consolidation carry on? Or is it the start of a yet another Bitcoin surge?

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