Bitcoin - Long - Stable market encouraging can lead to breakout!
Bitcoin has stabilised over the past few days which is encouraging in particular as Altcoins are down on the day re-enforcing our view that Bitcoin is now seen as a safe haven. Bitcoin is flat for the day whilst major Altcoins such as Ethereum -3.5%, XRP -3%. LTC -5% have dropped in comparison therefore even though Bitcoin is struggling to rise above the key resistance level at $12227 we believe there could potentially be a breakout in particular if US and China trade tensions escalate.