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vincent_regan_cmt

Bitcoin/USD threatens ATH again, above historical channel

Long
Bitcoin (BITSTAMP:BTCUSD)  
vincent_regan_cmt Updated   
BITSTAMP:BTCUSD   Bitcoin
cryptocurrrency
10
0
cryptocurrrency
As governments around the world continue to probe ways into your cash, Bitcoin continues its strong long term run with only the all-time high ~$1100 putting a ceiling on action. If (when) that happens, BTCUSD will emerge from four years of consolidation.
Comment:
Another cap in the short term would be the weaker RSI (13) readings on this weekly chart - bearish divergence not only December to February, but even larger is the May 2016 to the December 2016 as price moves higher without tandem signals of the oscillator.
Comment:
and the BTC-USD chart has been batcrap volatile since I published this.
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