pdimitrakos

Bitcoin Forecast

Long
BITSTAMP:BTCUSD   Bitcoin
As major improvements on the Bitcoin ecosystem are on their way, the market needs to keep the -albeit modest- momentum and try to at least test the 500 mark within the following few months. What many have called the "mother of all triangles" is still undergoing and could take a while to get broken. I do think this stable period has helped the currency as a whole in displaying a "fair price" around $400 making transactions less vulnerable to market volatility. Now if we actually succeed to breakout and sustain a price above 500, we could potentially enter a new bubble phase. Right now looking at both fundamentals and technicals and most people that look at the data bullish (which is probably something to be affraid of).

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.