BITFINEX:BTCUSD Bitcoin is making higher highs . Institutions such as Hedge Funds will be investing in cryptocurrencies , which will increase the demand tremendously.
BITFINEX:BTCUSD <$6500 there is no real support. It will fall in the abyss, until institutions buy it for maybe half the price ?
As Bitcoin follows the descending triangle perfectly so far, it may still has two mini moves left to complete it. Those moves are shown as the green and red line. The big question is of course will it break down further as a descending triangle often does or will it soar to new heights with bulls at the helm and bears scattered watching the huge daily gains....