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BTC/USD: Waiting for Momentum
Bitcoin has shown itself to be rather sideways and quiet during the trading session here on Thursday as we are sitting just above the crucial 50-day EMA and trying to absorb a lot of the bullish pressure that we had seen from the previous candlestick on Wednesday. At this point, it's obvious that central banks around the world are thinking more loose than tight, and that should, at least in theory, help Bitcoin go forward. Ultimately, we could go looking for the next little area of resistance that I see at the $117,000 region, followed by the $120,000 level, which, of course, is a large round psychologically ... (full story)
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