filbfilb

BTC Consolidate.

BITSTAMP:BTCUSD   Bitcoin
23
BTC is about to hit 6 month trend resistence.

If this breaks we are turning the pace up on this exponential move and by definition what you would expect.

However, the trend, the approach to $3k and previous behaviour around psychological levels would suggest we need to consolodate and take profit before caryring on.
This is certainly my prefered choice... sustainable growth will help us attract a wider pool of investors in the long term rather than hugely volitile moves.
Fingers crossed for a sensible ascending triangle and not a patobolic boom bust.

My ultimate target for the year assuming no catostophic event around UASF in August remains at $4k.


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