With the recent dip after the ETFS launched and the fact that their recent net inflows have pushed price higher, I believe that the bull market is about to get much hotter.
If these ETF inflows continue, we may well be on a path straight to $100,000.
I have taken this trade here with a stop below the recent low of $38,000. I think it's highly unlikely we see that price again and much more likely we will reach $100,000 sometime this year.
If these ETF inflows continue, we may well be on a path straight to $100,000.
I have taken this trade here with a stop below the recent low of $38,000. I think it's highly unlikely we see that price again and much more likely we will reach $100,000 sometime this year.