Bitcoin breaks out
The period of consolidation in bitcoin appears to be over.
Bitcoin has broken above the March high today as it continues a run of higher lows. It’s all adding up to a beautiful chart with nothing now standing in the way of a significant run from here.
The WSJ wrote yesterday about the improving outlook for a US EFT, something I believe will lead to $100,000 bitcoin and a top, or at least a major interim top.
As for the near-term, I suspect this breakout will run but keep some powder dry because breakouts often retest the break.
