Long Live the King

Today we’re getting into an instrument that has spawned a wave of revolutionary ideas that will penetrate almost if not every single industry across the globe. Of course, I’m referring to bitcoin ($BTC).

Bitcoin ($BTC) daily chart shows new breakout happening now.

As you can see in the above daily chart, of $BTC, we’re just now breaking out through the US$8,500 mark, which gives us a high probability of further upward movement at least in the short-term.

I’m long on $BTC in any case, and think we’ll see further price appreciation over the coming months and possibly years, and hence this is a long-term position from my perspective, but if you want to take short-term profits sooner then that’s your prerogative.

If you don’t already have an account for trading bitcoin and other cryptocurrencies, you can sign up for one at Binance.

Afterthought: Here’s a current $BTC chart showing weekly candles, which better illustrates today’s breakout through the US$8,500 mark that previously served as resistance.

Bitcoin ($BTC) weekly candles show increasing volume and longer-term upward movement.

Sign up for a trading account on Binance if you don’t already have one. Note that using this link to do so will help support this site’s ongoing development: https://www.binance.com/?ref=13767782.

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