Bitcoin is crushing new all-time highs right now. But where does it go from here? Only one of two directions of course ;).

Stochastics (14, 1, 3) is showing (1 HR Chart) that Bitcoin is heavily overbought right now. It has been dangling in overbought territory since 6:00pm ET on Sunday.

The 15 day and 5 day MA's suggest the coin has more upwards momentum but the possibility of a potential pull back is strong to at least the 3,000 -3,100 levels with such an overbought market.

Look for BTC to dip back towards the 3,000 - 3,100 territory, this will be a great opportunity to buy. You might even get lucky and see a dip back down to aprox. 2,800, creating an amazing buying opportunity.

BTC is hot right now. More and more people will be flooding in over the next few weeks, so it will be interesting to see where we land. Some are calling for a $10,000 BTC in 3 years, but honestly, who is to say that won't happen sooner ... look at the rate it is moving up currently.

Be patience ... and buy the dip.

Anyway, this is just an analysis of the charts and an opinion. Let's hear your thoughts below!

GIVE US A FOLLOW! Thanks for reading!