Price Action

Bitcoin broke out of the $220’s today with a jump above $230. Speculation about Google and Poker Stars possible integration of Bitcoin into its payment platform is cited by some traders as the catalyst for the move. The price is pushing up against $240. A break above there and we may see a retest of $250.

 

Trade Ideas

Buy XBU24H (Daily Inverse Future) in anticipation for a punch above $240. Quickly close the long position if the price fades below $230.

 

In The News

Poker Stars to accept Bitcoin? (Coin Fire)

Google to integrate Bitcoin into its payments system? (Crypto Coins News)

Former US Treasury Secretary weighs in on Bitcoin (CoinDesk)