If you have been following me here at DailyForex as of late, you know the thing that I wanted to see was Bitcoin (BITCOMP) taking out the $51,000 level. It did pierce that level during the trading session on Friday, so I think we are finally starting to see a potential move higher. Bitcoin has been beaten down pretty significantly, but it is worth noting that the recovery has been slow and deliberate, which is something that you want to see after a big selloff like that.
I think that we will go much higher, and it would not surprise me at all to see this market start climbing in January again.
If you have been following me here at DailyForex as of late, you know the thing that I wanted to see was Bitcoin taking out the $51,000 level. It did pierce that level during the trading session on Friday, so I think we are finally starting to see a potential move higher. Bitcoin has been beaten down pretty significantly, but it is worth noting that the recovery has been slow and deliberate, which is something that you want to see after a big selloff like that.
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.