Since the top in early November at $500 Bitcoin
has been in a large consolidation. I have often written about this rising triangle formation and the massive potential. Now the breakout has finally happened and the price for one Bitcoin
surged fast and furious to nearly $600. Our position is nicely up and we just have to let our winnings run. Of course, Bitcoin
is short-term overbought and it is not wise to chase
the cryptocurrency here. We might get a pullback in the next couple of weeks or months which could lead to a test of the breakout level around $480-$500. Should we get such a pullback you should add to your positions or start buying bitcoins
for the first time.