Another good call on Bitcoin yesterday as the currency continued its upswing in sideways trading, consolidating the previous days move up and getting ready to take direction.
Bitcoin is heavily weighted to upside but we need to see a over-shadow for this to transpire in a timely fashion.
Today I am BULLISH on Bitcoin. I am expecting to see the currency continue to push on past the current location and breach the $2800 level. We could see a push beyond $2850 if the daily bulls protrude into the market and try to grapple with profiteers. Who will come off ahead in this tour de force, today I am with the bulls!
These are exciting times for Bitcoin and opportunity abounds in every direction. Taking ahold of these opportunities and making the most out of them is of utmost importance as we do not know what is round the corner.
Looking forward there are so many outcomes of this foray in the long term that we need to site back and work on a short time frame, picking our moments carefully and executing them with care and diligence. Loosing money is all too easy so make sure to use the proper risk-reward!