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BTC/USD: Rallied Again on Thursday
I’m a buyer of Bitcoin right here, right now with a stop loss at $113,800, and a target of $121,000. Bitcoin markets have rallied a bit during the trading session on Thursday as we have broken above the crucial $117,000 level, kicking off what could be the next leg higher. After all, Bitcoin has got the interest rate cuts that everybody expected out of the Federal Reserve, and of course Bitcoin is built to avoid it fiat currency, and therefore loose monetary policy tends to help it. Trend Intact The bullish trend seems to be intact, as breaking out of the short-term consolidation area is a sign of confirmation. We ... (full story)
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