$240-$250 was the range today. Volumes till have yet to recover. The rally from the recent lows of $228 is proceeding in a healthy manner. A break through $250 looks imminent.
Increase long positions in the low $240s. Consider buying XBTG15 (27 February 2015) futures contracts to play a possible break above $250.
In the News
CNN Money adds Bitcoin ticker, XBT (Bitcoin Magazine)
Stripe now supports Bitcoin (Stripe)
Vermont says no need for Bitlicense (CoinDesk)
$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.
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)