Content adapted from this Zerohedge.com article : Source
Bitcoin is taking off. Over the last hour, bitcoin increased in price over $500, surpassing $10,000.
For the month of January, bitcoin is now green.
Is this just playing catchup with the NASDAQ?
Non-adapted content found at zerohedge.com: Source
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It's indeed coming back. I feel in the next few hours it will be higher as people are starting to make panic buys. This is a reason to start smiling for those that have been having a bad time the past few days. And I urge those that are still thinking about investing to not think twice. Bitcoin is not going into another dip.. Don't even think about waiting to buy.
The only worry i had had is the 13,000 customers that had earlier been shortlisted by coinbase to handover their data to IRS. But it seems the effect of this news hasn't been serious.
I think we will see some good upward trends after mid mach when the next set of futures contracts expire.
prior to some news heard about the Putin bitcoin endorsement in Russia
It could be one of the reasons, it's good news pulling back up at slightly over 10k. Personally it has not reached the point was expecting in the late Feb, you know cryptocurrency stuff..
Good we are seeing a mostly green market late this February.
All I can say is “keep going up to the moon.”
Thanks for this Monday morning positive news.
Have a great day!
This is really excellent after breaking this quarrel I see that bitcoin will not stop and will rise and dissolve to me. Big numbers surpass only 18k little time and patience
Plus there is a rebound in other currencies it's really a special day
Thank you for sharing this valuable information
I am so glamorous sir
Hopefully the start of a good week!
BTC reversal in progress this might be the catalyst for a breakout. BTC formed a "Spinning Top" with a lower low on yesterday's daily candle. It closed above the 38.2% fib which is emboldening the bulls. If today's candle closes above the yesterday's ST high at 9850 that would indicate a trend reversal and make the breakout of the falling wedge likely. According to Bulkowski there is a break upward 68% of the time on falling wedges.
Nice going captain
This surge in Bitcoin is not too surprising. After breaking down from a rising wedge, it probably needs to retest that trend line from below before it "decides" whether to continue up or down. Regaining that broken trend line (which is unlikely) will mean that it has further to run.
I think bitcoin price will increase soon.