BTC has been on an incredible bull run and has met some pullback at $4200 and strong resistance @$ 4100. Some are calling the pullback a reversal but the bull isnt dead just yet and if it can still run theres a lot more upward movement in the next 24hrs (hello, new money monday!) Who will win? Bulls or Bears? Can't call it yet...
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So the Bull is alive and well. New ATH a few dollars higher than previous but profit taking is keeping the price at this level. BTC may make a run to $4300 and take one more dip to recharge before some more crazy gymnastics to the target @$4800!
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Looks like NEW MONEY MONDAY is bringing in some institutional buying at this level but thats just a guess. If it continues BTC may very well blow through the upper trend level @ $4300 and go straight for $4400. Ranging at $4250 for now. Enjoy the new ATH =]
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BTC just following the channel... the road to $4500 might be a slow and steady one after all