afbitcoins

Bitcoin is breaking free of horizontal range

Long
BITSTAMP:BTCUSD   Bitcoin
4
Throughout 2015 bitcoin has been held in a horizontal range between $320 and $200. But this now looks like breaking to the upside. Buying volume appears very high especially in China, this bull will have legs.

Looking to upsloping channel to see where bull might go, not hard to imagine quite quick rise above $500 from here which would be to middle of that channel.
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