The Bitcoin market initially pulled back towards the 50-day EMA underneath, as we have seen a proclivity of this market to respect it. The market has turned around to break towards the $57,500 level as it continues to show quite a bit of resiliency. Just above, the $60,000 level is a large, round, psychologically significant figure that a lot of people pay attention to. If we can break above there, then the market is likely to go looking towards the $65,000 level. When you look at this chart, you can see that the market has been rising for some time and we are most certainly in a significant uptrend. I also believe ... (full story)