Looks like a bright future for Bitcoin...

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The last swing stopped at the 50% very violently, are we now seeing a rally back to the high of June? At least a test of the 680 resistance zone seems probable.
Agree with this setup
+1 Reply
Thank you Lets see if this idea will workout in the long term!
Hi Aggrla,
thanks for your comment. I really hope that as many major banks are now looking into bitcoins, bitcoins will make a change in the financial world...

But this view on the chart was purely technical, not fundamentaly based... don't like to mix my "view" of the future into the price analysis. Lets see if this analysis keeps true :)
+1 Reply
You couldn't be more right. I share the same trending over the next few months. Although there are a couple of competitors starting to gain position, Bitcoin is the anchor as the most well branded digital currency and will keep moving up. Also think a lot of the erratic movement as of late is stemming from the election year, so that may play for a positive increase as well. Anyway, thank you for your detailed idea.
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