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BTC/USD: Bullish but Steady

From dailyforex.com

Bitcoin has been very bullish for a while now, although the last couple of days have been a little bit calmer than the ones we've seen previously. This does make a certain amount of sense because the market shot straight up in the air for two months. A 90% gain since the beginning of the year was a bit too much. So with that being the case, I think you continue to look at this as a buy on the dip market, especially as money continues to float into the ETF space with institutional traders and Wall Street trying to cash in on the Bitcoin craze. This will continue to be a bullish market, but whether or not it has the ... (full story)

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  • Category: Technical Analysis