Patience Will Be NeededThe short term probably continues to see a lot of noise between the $90,000 level below and the $100,000 level above. This does make sense. After all, it got from the $74,000 barrier to the $100,000 barrier rather rapidly. And now I think we’re in a phase where we are just simply going to continue to work off some of the froth and take advantage of cheap Bitcoin every time we pull back. 
Eventually, we could make another surge higher and finally break above the $100,000 level. If we do, then the measured move of the consolidation would send Bitcoin looking to the $110,000 level rather quickly for a 10% gain. Keep in mind though, that markets can only go in one direction for so long, so a correction probably is more likely than not. I don’t have any interest in shorting Bitcoin and would love to see it pull back to the $80,000 level to find some type of value, but I don’t know if it’s going to fall that quickly or that hard in the short term. We’ll just have to wait and see. Either way, this is a one direction bet. It’s to the upside. So, you’re just looking for value to take advantage of.More By This Author:USD/CAD Forecast: Near HighsUSD/JPY Forecast: Struggles Below 150ETH/USD Forecast: Ethereum Continues To Consolidate After A Break Higher
