Further to my last week’s post, Bitcoin did pull out of its 3+ month long consolidation phase and is making a dash towards its March 14th all-time high of $73,750.
This past Friday, it touched $71,907.85, before retreating. As I type this post, the digital currency is priced at $69,570, up more than $1,000 since my post last week.
On its Candlestick chart, the Bollinger Bands have tightened even further in the past week and based on my read, I believe Bitcoin is poised to print a new all-time high this week.
Let’s see how the market react to the technicals…
Best~
karim
DISCLAIMER: I am not a licensed broker or securities dealer. All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is not for the faint of heart as one’s portfolio can move up, or down 10%-50% or more during a single trading day, so trade with extreme caution. Past performance is no guarantee of future results.
Full Disclosure: I own options in the stocks of companies mentioned in my posts.