Bitcoin Breakout Pressure Continues to Build

Since I wrote the article, Bitcoin Building for Price Breakout, the price of Bitcoin has gone up another 1k to $17,000. As was the case after the spike from 15k to 16k, the price is now moving sideways, gaining momentum for another move to the upside. The longer Bitcoin trades in this area, the more likely that the breakout will be to an all time high, and significantly higher at that.

If you're holding Bitcoin, things are looking good. For those who bought in at the top of nearly 20k, only to see a significant fall, you may be about to see that you made the right decision. Bitcoin investors who have held despite previous falls have been rewarded handsomely. Your turn to experience this is looking more likely by the hour.