PhilipTG

BTC Bull is Back

Long
BITSTAMP:BTCUSD   Bitcoin
8
not likely this is going to be a triple top... $1300ish will be next stop. The fact that it brushed off the Chinese regulations is impressive. In past times negative Chinese news impacted BTC for weeks or months at a time. This was a much smaller half-life. India's position on cash is undoubtedly feeding the bull as well. We are probably in a bullish window of time where increasing capital controls will cause massive inflows into the BTC eco-system. My macro view had BTC hitting the 3-4K mark this year. That still seems within reach given the current price action. Some economists are calling for $10K by 2018. That maybe wishful thinking, but if other countries adopt India's position on cash, it is certainly is attainable.

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