The 50 day EMA sits underneath and is offering a bit of a floor and therefore I think you need to be cognizant of this potential entry for more value hunters. If we were to turn around and break above the $110,000 level, then it's possible that Bitcoin could really take off to the upside maybe running to the $120,000 level on a pullback from here and a breakdown below the 50 day EMA, then the $100,000 level is going to be an area that I think a lot of people will be interested in. This is a market that bounced about 40 % in basically about six weeks. So, a pullback isn't the worst thing in the world. It certainly is ... (full story)