Bitcoin: So Far I am Half Right

So I said yesterday that Bitcoin was going through a period of consolidation and if it could hold the 36-37,000 level I would expect it to rise again to the 40k level again.

Well Bitcoin held the 37,000 level and rose above 39,000, but now seems to be meeting resistance at 40,000.

The next few days should tell the tale. Bitcoin does seem to stage big moves on weekends. I’m still confident in my prediction, but nothing is guaranteed.