Bitcoin breakout!
How high can it go?
Bitcoin is starting to pick up steem literally as many alts are selling off in to bitcoin in preparation of a possible new ATH. Bitcoin broke past the 4450 resitance area and its sights are now aimed at the next target of 4700 usd. If 4700 usd is breached we should be testing the ATH of 4950 usd.
I wrote a post last week about why I think bitcoin could rise before the fork instead of a nervous sell off like it did with the BCH fork. The market has learned that a fork is not to be feared but to be embraced because of the opportunity to get more coins. This could lead to an altcoin sell off in to bitcoin like were seeing now.
https://steemit.com/bitcoin/@cyberblock/altcoin-market-held-down-by-the-pursuit-of-2x-fork-coin
I think its pretty clear now that there isn't much that can hold bitcoin back from more explosive growth. Its been through a lot of drama with China, Jamie dimon trash talk, Sec crackdown, hardforks, but nothing can hold it back. It just keeps getting stronger and stronger every day.
Bitcoin will breakout 5000 USD before fork.
I hope you are right its just off at the moment so very possible!
img credz: pixabay.com
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up up up
Bitcoin is also going up because Bittrex sold all of their Alt Coins that they have been accumulating in the form of fees by the traders on their exchange.
I also have been hearing that Bitcoin Gold is a SCAM. I think im just holding my Bitcoin until right before the fork and getting a bunch of Alt coins like OMG, TenX and ARK at very discounted rates.