I have stated previously that the natural value for BTC/USD is $150 (when it is allowed to float without constant US Government attacks on exchanges and/or participants). The cross has gravitated towards this price for the last eight weeks as the currency has been allowed to finds its own feet.
Today’s Forecast
This morning has seen an upward spike in the price reflecting the break of a ten week ceiling. If you are not trading in that breakthrough I would wait to see whether it will break through 140. Expect much higher volatility around 150 when the market decides on whether to break through the 5 month ceiling.
