Currently the Crypto market is in depression, but thinking about the future potential, what if Bitcoin jumps 50% ? If you are not long it will be hard to catch up with the trend.
Is the recent 10% growth of Bitcoin a lucrative investment opportunity? We think that momentum is a good sign of new investments into cryptocurrencies. Our recommendation is to enter the Market at the breakout level of nearest highs at 8450 with the initial stop loss level at 6750. If the Market continues its upside momentum, a trailing stop loss to the new levels would be prudent.