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2.2 Tuesday Morning Bitcoin / Second Bitcoin Silk Road
Bitcoin has risen from the bottom to around 79,000 and is now in a sideways consolidation phase. From the current chart, although there is selling pressure above, the support at the bottom is also strong. The price has been operating above the middle band of the Bollinger Bands.
Second Bitcoin is also forming around 3000. Although the tug-of-war is intense, the bottom-positioned chips still have a good risk-reward ratio.
Personal suggestions:
Bitcoin can move north around 77,800-76,900, with a target of 79,500-80,000.
Second Bitcoin can move north around 2,310-2,280, with a target of 2,370-2,400.