Bitcoin In The Buy Zone

In recent coverage on Bitcoin I noted that a drop back to support in the 60K area was likely and we hit that target today. On review of the charts, I would still say this is a good buying opportunity for either a trade or a long term add to an investment position. There is an argument for more downside, but if the 60K area can hold for a few days, then the chances of a renewed bull run to new all time highs is strong.