$BTC is obviously very strong for a variety of reasons.

$BTC is obviously very strong for a variety of reasons.  Technically, this latest breakout looks to me to have a target of roughly $122,000 in the coming months – maybe culminating around inauguration day.  We will most likely see psychological resistance and profit taking around the $100,000 level, but the technical indicators I use show we have more room to go before a more substantial pause.  Ultimately, I still think we are going to $500,000 but I imagine there will be many good trading opportunities along the way.

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About the Author

$BTC is obviously very strong for a variety of reasons.

Jeffrey Ramson

Jeff Ramson is the Founder and CEO of PCG Holdings. Jeff is also Publisher of Prism MarketView and Fund Manager of ProActive Capital Partners.