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Bitcoin made a rapid ascent from $15,000 to $16,000 today. It is now moving sideways in what appears to be consolidation before a further breakout to the upside. If it does, this could well be a move beyond the near $20,000 all time high that was achieved mid-December 2017.

While the signs appear bullish, things are still in the balance until a definitive move either way occurs. It's looking good though, and my hunch is that Bitcoin is about to launch into its first mind blowing move of 2018.
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[image source](https://www.coindesk.com/price/)

Original article posted here: [ Bitcoin Building for Price Breakout](http://www.bitcointothemoon.com/blog/bitcoin-building-for-price-breakout)

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