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12 Feb '13, 10am

Bitcoin Hits $25/BTC, Shows no Resistance to Further Increases #bitcoin

Bitcoin Hits $25/BTC, Shows no Resistance to Further Increases #bitcoin

It's been all of two weeks since Bitcoin cracked through the psychologically important $20 USD barrier, and now $25 has been breached. At this time, the order book shows no resistance to the price moving rapidly higher. One can only surmise that this is a setup for an even larger upwards move, followed by an inevitable crash to lower support. It would not surprise me to see a rapid move past the previous all-time high of $32, perhaps to as high as $40-$45, before a correction takes us back down to the mid twenties for a rest. One thing is for certain: the next week of trading will be exciting.

Full article: http://www.thebitcointrader.com/2013/02/bitcoin-hits-25bt...

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