Bitcoin Is Preparing a Run to $1,000
In our last column we speculated that bitcoin price was going to $930. It didn’t quite get there. It hit $920 and corrected there. As I have held onto the belief that we are still in a corrective phase to the massive rally to 1150, I was thinking that 920 might be the end of the current rally. But the asset is showing signs that another move higher is on the menu. This is the daily chart. You can see how the market reacted to the 2nd arc. There was sharp selloff there, but the market on the shorter-term charts looks like it is getting ready to move higher. (I’ll show you that a bit later.)....
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