Bitcoin Is Poised For Another Party – Set Yourself Up To Bank In At Least 30%!

Hi guys, today 4th January 2018 Bitcoin is in a position to have another bull run after taking a break.

Bitcoin has technically formed a double bottom. So there are two possibilities as illustrated in the pictures below.

• Continue to go up to retest the last peak at around $20,000 price:

This scenario is most likely because – regardless of any logic behind Bitcoin on media and smartest people in the world, once the mania is running the logic is thrown out of the window - Bitcoin has sucked in only a tiny fraction of world’s available money so far!

At the moment, the cryptocurrency market cap is over $700 billion compared to the global stock market cap worldwide worth about $80 trillion, Forex $4 trillion per day, real estate $217 trillion, etc.

• Run out of steam and drop further:

This is unlikely to happen because, as said above, the mania is still running high from all directions. However, holistic traders would have a plan for the worst case scenario. In this case, they may want to set stop loss at $12,000 price level.

So let’s have fun to see what plays out in the next few days.