btcnyex

Bitcoin price is consolidating from futures trading short term

Long
BITMEX:XBT   Bitcoin
Bitcoin futures are pure price speculation. The players in that market do not hold Bitcoin, buy or sell Bitcoin.
The CBOE and the the launch of the CME futures have no true bearing on its liquidity or price.
Asia, Japan and North Korea are driving its acceptance, not the US futures market.
Look for a breakout over $18,500 and price spikes crossing $20,000 by the holidays.
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