Bitcoin is seeing some nice spikes here the last few days however we have seen this about a month and a half ago and dived right back down. The true point for me till I know we are on a real bull trend here will be about $11,500 where we start to recover some of those heavy losses from the start of the year.
However Bitcoin is not the only one making headlines cryptos such as Bitcoin Cash, EOS, IOTA and as much as I hate to say it Ripple have been hitting double digit percent gains.
What might now be unattractive to bitcoin is that even if we went back up to our 20k levels your only seeing a 140% gain on your investment. Yeah only lol while another currency such as any of the above have the potential to be in the thousands. It makes you wonder where the money will go this year. Will more conservative investors come in and flood bitcoin as they know its a pretty sure bet? Or will they poor into another currency for a high risk high reward. My money so far still sits on bitcoin as the major money injector into cryptos.
