Bitcoin breaches $5K

For the first time in over four months Bitcoin traded above $5000/coin on April 2 and 3.

Bitcoin has been through a long bottoming process. On the way down it held the $6k level for a long time. It’s reasonable to expect $6k will be the next resistance level on the way up.

At Bitcoin bracket, I’m now comfortable making the call that bitcoin has bottomed. It is now likely that we will see bitcoin trade at 10K sooner than it trades at 3k.

All in!