Bitcoin rocketing to $3600 - Don't be surprised if it pulls back a little
It's going to be interesting to see if it does. Last three big days has gone from higher volumes and bigger ranges, to smaller. This usually is pretty bullet proof when it comes to regular stocks. This screenshot is from Bitfinex, but the same trend is seen on all exchanges.
Or will Bitcoin break the rules and just keep going. I wouldn't be surprised either way. But it's definitely going to be interesting to observe. Remember though, even if it does pull back now from above $3600, I would say Bitcoin is pretty bullish until it hits $9-10k USD somewhere around new years or spring 2018.
Margin longs on Bitfinex are at +112 million! Something to keep in mind:
https://steemit.com/bitcoin/@techwizardry/interesting-obeservation-bitfinex-margin-usd-loans-above-usd100-million-new-record-high
Yeah, still looks very bullish.
It might off course have some minor corrections, but the uptrend will continue. Hopefully for a very long time :)
4000$ on it's way.
Hope so! And I hope the volume picks up
we can hope this becomes reality
Bitcoin Steady in Face of World War Three , i think soon we will se bitcoin over then 5000 $
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STOPThis post has received a 30.24 % upvote from @bellyrub thanks to: @scandinavianlife.
i just bought at $3400 few hours ago i'm so happy