Bullish Tuesday

in cryptocurrency •  2 years ago 

Today started with Bitcoin hovering around the $6000 mark, with fears of testing the $5000. However, over the past 12 hours we've seen a rise from $6000 to $7500 at the time of the this post. There are many bullish factors to consider.

  1. The Senate hearing on cryptocurrencies and ICOs has many feeling very bullish. I personally feel that the news is quite bullish, however with tempered expectations. There will definitely be regulations on the ICOs - but this will also extinguish the plethora of scams.

  2. Peter Brandt's recent twitter post https://twitter.com/PeterLBrandt/status/960961854771118080 suggests a move to $9450, and he has been pretty spot on with his predictions. His TA is well respected, and this could be another bullish sign.
    Another tweet of his to note: https://twitter.com/PeterLBrandt/status/955538177892102144

I am hopeful that we may have hit the bottom, but we still need to establish an upward trend. Thanks for reading.

Thoughts?

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PeterLBrandt Peter Brandt tweeted @ 06 Feb 2018 - 19:42 UTC

$BTC setting up for move to pop to 9450 https://t.co/hFuUiWCqDq

PeterLBrandt Peter Brandt tweeted @ 22 Jan 2018 - 20:30 UTC

General TA rule -- violation of parabolic advance leads to 80%+ decline in value. If general rule is followed, BTC… twitter.com/i/web/status/9…

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