Despite the violent drop we just had the weekly chart is still bullish and momentum is still rising towards a possible large upward move, let's say about $4,700 if 2013 ATH becomes the 78.6% fibonacci. The next 2 weeks are critical ™.
Comment:
Bitcoin is breaking out again after having some hiccups in the mid $2,000's. Currently $3,300, which puts us $1,400 away from my target. That would be a 42% gain from these current highs.
Comment:
We've reached the 4650s.