Price Action
$240 was taken and the price promptly shot up above $250. The retrace has taken the price down to the low $240’s. The rally looks healthy with higher highs on rising volumes. $260 could be tested before the weekend is over.
Trade Ideas
Accumulate Bitcoin in the low $240’s. Look for a retest of $250 and a possible rise to $260 in the next 48 hours. Use XBTG15 (27 February 2015 Futures Contract) to express this view.
In The News
Bitcoin and Porn.com (CoinDesk)
CNN’s Morgan Spurlock ‘Survives on Bitcoin’ for a Week (Inside Bitcoins)