Few days ago, there was a slight uncertainty facing the traders which reflected in the long-tail pin bar on a daily chart at Bitstamp.
However, Bitcoin very comfortably crossed the high of the pin bar and went on to break the $12,000 level and now also the $13,000.
The Bitcoin bulls took the market by the horns and don’t want to let go.
Many traders expect a BTCUSD correction soon, but it seems that in the present conditions the market wants Bitcoins.
As public demand for Bitcoins increases, the price keeps going up.
Who knows where and when it will stop?
Some say at $15,000 by the end of the year, others say it is a bubble and it will inevitably crash.
Bitcoin has been announced dead over 200 times in the past and just like the Duracell bunny, it just keeps going and going and going and going….
Note. This posts is for educational and entertainment use only and it is not an invitation to trade. Trading involves high risk to your capital.