TheCryptosaurusRex

Back To Bullish on Bitcoin

Long
BITMEX:XBT   Bitcoin
Bitcoin has found itself right on top of long term support starting back in November. With the Squeeze looking to fire long on an 8 hour chart, I would expect this move to take place over the next couple of days. First target comes in around 8150 and the second target coming in at 8500. Over the last couple of weeks the volume has really dried up during the sell-off; it will really need to pick up to sustain a long term move higher. I'm placing a pretty tight stop at 7330.
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