Bitcoin Getting Ready to Launch

A series of higher highs and higher lows over the past month is very bullish for Bitcoin. It is now testing critical resistance at $11,800. I have charted future resistance levels, but notice the big gap between $13,000 and $17,250. A move above $13k is likely to be followed by a sharp rise back towards all-time highs. News flow has been overwhelmingly positive lately, transaction times and costs are down significantly with Segwit, regulators seem more open to crypto than previously imagined and a wave a new investors are about to step in, including massive amounts of institutional money. Good buy on a breakout above $11,800.