First licensed Bitcoin Exchange opening today. More trust in BTC likely to move BTC/USD higher this week

January 27, 2015 3:32 pm Published by 1 Comment

First licensed Bitcoin exchange opening

The first licensed U.S based Bitcoin exchange will be opening later today which is great news for all the bulls out there because this move is likely going to bring back a lot of lost trust for the crypto currency, Bitcoin.

While I am very surprised to see a move like that from the U.S I am happy it has finally been done. There are serious money involved and since it’s now licensed and approved in many states, the chances of someone running away with your coins has decreased a lot- therefore more people are going to trust the exchanger with their coins and because they take no fees for the first two months we can expect a buying marathon to take place very soon.

All the way up

Just yesterday on the 26th the price per Bitcoin jumped all the way to $303,303 USD which is the highest point yet in our newly forming upward trend. From there the price correction occurred all the way down to $241,094, but we’ve confirmed with the two new bullish candles that this is likely going to be the end of it. We can be fairly confident that the resistance level of $271,372 is going to be breached later today or some time tomorrow.

The beautiful upward trend that is forming on my charts along with the fact that today Coinbase is going to make history it’s quite safe to go long in BTC/USD. Just promise me you will make up your own mind before you blindly take my advice, that’s all I need to know.

Share!
Tagged:

In category: ,

This post was written by ynef