Three days ago I posted about KIN & BItcoin, mentioning that Bitcoin would mostly likely get to $8200, and that $8200 was a significant number.

In that post I explain why I thought that Bitcoin would go sideways at around the $8000 - $8200 range. I realized that Bitcoin actually climbed past that to around $8500, and immediately thought that I this Bull trot might turn into a full on stampede. Things calmed down, and now it is consolidation time. The market needs to regroup, absorb some of that madness from the World Financial Sector and find more Bitcoin and cryptocurrency real world use cases.

It seems that Bitcoin has tested $6000 several times without really seriously pushing down below that. Bitcoin found some nice support at the around the $7500 level, and I believe this will be resistance should the Bear peak out and scare this baby bull. Should Bitcoin continue to consolidate at these prices maintaining some nice volume, any good news for Bitcoin and cryptocurrency in general could send Bitcoin to the $9000 or even $10,000 mark.

Read the blog and see the chart Here

Last year was an amazing run. Could it happen again? Last year as it continued to climb after summer and into autumn, it jumped into the $8000 range before dropping back down to around the $6000 range. It test those waters, didn't like them and jumped back up to the $8000 range for about 1 week. Then about 30 days later it grazed $20,000 per Bitcoin.

I personally don't see that kinda of momentum happening for Bitcoin, but then again how could anybody?

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