Bitcoin going for $1,000+ next week? Long

Bitcoin / U.S. DollarMt.Gox

Description

⋅ Jan 25, 2014 9:40 PM

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?

Comments

zunibo

⋅ Feb 16, 2014 7:31 AM

the good thing now is: it can only go up, can't it?

flibbr

⋅ Jan 25, 2014 9:47 PM

IT's looking good.. and it's looking strong.

People hate to buy back in at a loss... but I feel it is shaping up really well.