Bitcoin’s poke last Thursday above a 102,355 ‘midpoint Hidden Pivot’ has shortened the odds that it will reach the 130,189 target. (Note: Because of a change in my coordinates, these numbers differ slightly from the price points given here earlier.) Moreover, a pullback to x=88,362 (the green line), however unlikely, would trigger a juicy theoretical ‘mechanical’ buy, stop 74,419. Let’s wait and see how easily and/or decisively the upthrust exceeds p on first contact. Two consecutive weekly closes above it would all but clinch more upside to at least p2=116,247.
BTCUSD – Bitcoin (Last:103,149)
