Today started with Bitcoin hovering around the $6000 mark, with fears of testing the $5000. However, over the past 12 hours we've seen a rise from $6000 to $7500 at the time of the this post. There are many bullish factors to consider.
The Senate hearing on cryptocurrencies and ICOs has many feeling very bullish. I personally feel that the news is quite bullish, however with tempered expectations. There will definitely be regulations on the ICOs - but this will also extinguish the plethora of scams.
Peter Brandt's recent twitter post ~~~ embed:960961854771118080 suggests a move to $9450, and he has been pretty spot on with his predictions. His TA is well respected, and this could be another bullish sign. twitter metadata:UGV0ZXJMQnJhbmR0fHxodHRwczovL3R3aXR0ZXIuY29tL1BldGVyTEJyYW5kdC9zdGF0dXMvOTYwOTYxODU0NzcxMTE4MDgwIHN1Z2dlc3RzIGEgbW92ZSB0byAkOTQ1MCwgYW5kIGhlIGhhcyBiZWVuIHByZXR0eSBzcG90IG9uIHdpdGggaGlzIHByZWRpY3Rpb25zLiBIaXMgVEEgaXMgd2VsbCByZXNwZWN0ZWQsIGFuZCB0aGlzIGNvdWxkIGJlIGFub3RoZXIgYnVsbGlzaCBzaWduLnw= ~~~
Another tweet of his to note:
I am hopeful that we may have hit the bottom, but we still need to establish an upward trend. Thanks for reading.
Thoughts?
Disclaimer: I am just a bot trying to be helpful.