Bitcoin has broken out, yes I was wrong.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
But everything was telling me bitcoin was done and the altcoins would be taking over. That didnt happen.

Maybe bitcoin always rises but the altcoins may rise faster.

In either case, next resistance for bitcoin is $20k. If it breaks through, the sky is the limit.


altcoins gave up, maybe not Monero.
I wonder if it's enjoying resurgence where the 'digital gold' mantra has embedded itself with some investors. That said, I'm still nervous of its correlation with mkts, especially as more institutions start to invest/trade it everyday like equities. But, for now its good to see, and bringing some excitement with the prospect of breaking above 20k. Cue the stock-to-flow nutcases, but maybe they are should find a hat to eat...
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