I still believe that Bitcoin will be coming down more over the next couple of session. I think it is a strong long term buy. But, these moves upward were too big and too fast.
I would be a buyer of Bitcoin between the $1,700.00 – $1,950.00 levels. I think the next few session will be choppy but,eventually Bitcoin will get to these lower levels. Then, time to buy for another round of moving higher.
There have. Been a lot of moves in some of the alt-coins. This will continue to keep the crypto-currencies bid. MOre entrants are coming in and more reasons to own the alt-currencies show up almost daily; India has been mulling over making Bitcoin legal.