First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. I may or may not have a conflict of interest. That being said, seeing the variety of different charting patterns, wave retracements, past breakouts, and correlations, I think that $BTC can still gain some more momentum. It has been reported that many people are holding long for BTC, and volatility is at an all time low. Also, some analyst are extra bullish. However, lots of them have pure speculation over price growth and the numbers seem to be out there. Also, while I am against many institutional BTC ETFs, they still seem to help $BTC's growth when all the large cap funds are done shortening it. A current exchange traded product which I am unsure about, is about to launch through a German Stock Exchange. It isn't going to be quite an ETF according to sources. Another aspect to consider is stuff like custom XBT dataflow trackers or bullish long support on the Grayscale Bitcoin Trust. It will be interesting to see how everything plays out long term.
