[Flash Report] Bitcoin Approaching Prior Highs - News Souring - 12/4 NYClose

[BitcoinTraderFX]

Bitcoin has been steadily climbing towards its prior highs, and is now flirting with it. News has soured a bit with more talk about tulips, taxes, and government intervention. A little bit of talk about hacking, but light. What you want to see is confidence being instilled in the general public so they will adopt bitcoin.

Sentiment Analysis Engine of news articles and posts is indicating a shift to the negative as well.

The big issue at hand is the prior highs. Going into the Asian market sessions shortly, and with lighter volume, will enough buying step in to support the prior highs.

[1713491017]

1713491017

[BitDreams]

Feels good when the trend is on your side. Best part about these Bitcoin charts (when you're a truBitbeliever) is that any down trend warnings could be viewed as 'time to put in some overtime and boost that cash paycheck' because another buy the dip is approaching. We are up against the price of gold again it seems.

As a TruBitBeliever I believe we'll be talking about how many ounces of gold can be purchased per Bitcoin this time next year. Buy the dips! Will be watching your threads for early dip warnings.

[BitcoinTraderFX]

Thanks for the compliment!

Just keep in mind: beware trying to catch a falling knife.

But generally, I do agree with you. I feel that bitcoin has the potential to become a true commodity like gold. It has a few bugs and kinks to work out, but the potential is definitely there.

: )

cj

[pand70]

Ok i officially hate tulips as of now. Before bitcoin i thought of it as being a very nice flower but now i 'm on my limits.