Bitcoin Poised For Run At 100,000
Cash Bitcoin and COIN (Coinbase)-- Cash Bitcoin has pushed closer to a full-fledged challenge of 100,000. As long as any forthcoming weakness is contained above 92,600, BTC will remain poised for a run at 100,000, and if sustained, then to my next target of 104,000, from where the structure of the most recent upleg from 87,500 will look complete...
As for COIN, although it is up over $7 and 2% this AM, it remains well beneath its key resistance/upside breakout zone from 342 to 348, and is currently positioned within the confines of a high-level digestion pattern between 306 and 337 ahead of my pattern expectation for an upside thrust that projects to 390-410. As long as 303-306 support contains any forthcoming weakness, COIN should be "ready" for upside continuation within the next 1 to 3 trading days... Last is 326.61