Long term: Bitcoin looking Bullish. Initial target 315 USD
After an exciting week in mid-October, Bitcoin looks to holding the 200-300 dollar range well into late year 2015 after a very bearish year 2014. The first bullish wave met expectations of testing support for the bullish move during June and July and has maintained the price through the mid-October weekend.
With a short retracement, there may be an additional bullish move to 315 where the two previous peaks during January and July 2015 were halted. With luck, this position will be held and the zone of consolidation in late 2014 will be pushed through to 380 and 400 USD.
With a short retracement, there may be an additional bullish move to 315 where the two previous peaks during January and July 2015 were halted. With luck, this position will be held and the zone of consolidation in late 2014 will be pushed through to 380 and 400 USD.