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Just as the first industrial revolution centered on Great Britain, bitcoin mining will be centralized in China. As with any new technology, it will always be amassed in one area first.
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The next ATH should play out to 2800-3000 dollars a coin.
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Looks like this one is breaking out. I don't post often, but when I do, I feel it, last time I felt this it rose 40%. It had to go sometime, the pre-halving ceiling is still searching, like a grub worm burrowing the pulp of a Persian Silk Tree, they only go up until they burst out of an upper reacher limb. Congrats to those who accumulated in the high 300s.
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For shorters it could be a bad play. I see decent sideways movement for awhile.
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If the decision is positive expect a + 5-10 dollar price move leading to weekend. Yet, this could be an early indicator and base for a greater move as we get near the halving, continuing emerging market weakness, low commodity prices and capital control in China + devalued Yaun--all putting positive updrafts on the price. Expect the slow and steady BTC uptick to continue.
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Lurker power here (not to rub it in) , just another 4.5 percent rise and I will have called it correctly for July. Maybe I should have stated 30 percent instead?
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Yes, been lurking for a long time. Feeling the charts, the timing. Just feels right now. I make my prediction: 25 percent up for July.
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IIWUIW keep cash on hand for an eminent 2015 equity market dip or crash and get you some good value prices.
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