The next move will be deflationary and bitcoin will suffer. The Fed's response will be epic causing hyperinflation and bitcoin to moon like never before. Once bitcoin over takes the 7 trillion gold market the reserve currency will be next.
Yes, Bitcoin is setting up for one massive move. With the price of bitcoin neutral and no momentum in place the lower time frame are too dangerous to trade on right now. I am sticking to the weekly time frame to see which way it breaks out initially. Bitcoin [...]
Update #1 Bitcoin has still remained with the triangle pattern waiting for a highly volatility perhaps sharp move. To the upside Bitcoin needs to clear $6,700 and to the downside break $6,520.