We managed to push above the $43K mark, yet as we move into the weekend we must close the week above it to signal a trend reversal. The bears are going to be trying to push below $43 and if they succeed many traders will bail out of the asset to try and secure a better price around $30K… Scary stuff. The bad news is we are looking at a steep drop if we don’t hold the line with the bulls. The Good news is that if we can hold the line we are off to the races for a close above $50K by month’s end. That is our analysis/prediction; this is not financial advice. If this was a football game it would be a tie game with the bulls in control of the ball, let us hope they don’t fumble! Have a good weekend and you will hear back from us Monday Morning.
