BTC - Next Target $20,250

Hello my fellow Bitcoinistas!

What a ride so far! If this bull flag breaks North I would expect a target of at least $20,250. Of course everybody is calling for a pullback and we may in fact get one eventually. But as long as everybody is calling for one, it may not happen for quite some time. :0) Bitcoin never does what everybody expects it to.

I'm still long from $185 with a DCA under $6,500. I don't plan on getting off any of my position for quite awhile. Now that Grayscale, Square, and Paypal are buying more Bitcoin than are being mined each day it's just a matter of time before everybody that wants to sell has sold. I'm not one of them.

When there is high demand and shrinking supply what happens to price? The rule book says the price has to keep going up until somebody is willing to sell. Again, I'm not one of those people yet. Much higher prices is where I have placed my bet and I'm sticking to it. :0)

Good luck no matter how you play the game!

BBS Out!