KQMarkets

Bitcoin - Long - Upside Potential

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We changed our view to long as Bitcoin was crashing from $8000 to below $5500 as we felt it has long term upside potential. Bitcoin has since steadied as it has consolidated above key support at $6584 and we it moving higher with a medium term target of $10000 as it can be seen as a safe haven.