Good morning ladies and gentlemen of Bitcoinland.
Not much change but what little there is, is in the right direction... currently $745USD at Bitcoinaverage.
At least we Canadians are back in quadruple digits... $1001CAD.
We're still basically where we were a month ago. I'd guess that $700 is a done deal.
Time to start moving up again. Let's put $750 behind us and get to work on $780.
Well, if we look back at this past month, what is that called? an ascending triangle? or would it be called the about 5th testing of resistance in the mid $700s, with each of those test a tiny bit higher than the last (or at least within a kind of range that seems to have a bit of an inclination).
Even though we are still operating with mediocre trade volumes which still continues to bolster a conclusion that any kind of meaningful price battle has not yet begun, I lean towards our situation being a bit more bullish than not, and this current situation is kind of feeling similar to the place we were in early 2016 in the mid $400s. this time feels more incline to break upwards sooner, but you can never really know in bitcoinlandia how long we could remain in a kind of holding pattern.