First Confirmation, She's Rolling Over!
It sure is bullish in here tonight!
The trend reversal is playing out nicely, we've just popped over the second resistance level @350 ( first was @330 ) and it appears to be heading higher, the way things are looking right now we could get as high 380 as early tomorrow! who knows! this is bitcoin! My gut feeling is that we will settle at 350 for a long while, waiting there for sell offs, once the market has absorbed a few selloffs at this level, it will feel the need to move higher, targeting 380 as the next pit stop, BUT we've been hit will several bullish news's today, most notably; Andreas was kicking some senate butt in canada earlier, it was streamed live for all to see, i missed it, but poeple have reported good things:
Canada, "No regulations for bitcoin, and will revisit it in 5 years".
Sounds good to me.
tuned in on the them saying Andreas had lived up to his Bitcoin guru status.
Is this what pushed price over the 350 dollar mark for good? or were we well on our way to break 350 anyway? I think we were well on our way, the trend turning is a much bigger motivator to push that buy button then any news. The positive ruling in canada will definitely have bullish consequences, to me it means the long term possibility of 10,000$ BTC
or even 100,000$ BTC
is just a little bit more achievable thanks to canada giving bitcoins a thumbs up. This is very good stuff, and could very well accelerate the climb to 380.Hot off the press news: https://www.youtube.com/watch?v=xUNGFZDO8mMAdam's prediction
: Trend Reversal just starting, leveling off at 350 for now, heading to 380 as early as tomorrow night.Adam's Cheap Coins Target
: 339 I am Hoping for one or two sells off to make us hit this target and then pretty much immediately bounce back to 350, giving us another confirmation that the trend has turned.