The case for a rally in Bitcoin continues to firm up with both /GXBT (Bitcoin futures) & GBTC (Bitcoin Investment Trust) both rallying over 8% so far today. Whether on not bitcoin futures need one more thrust down within this bullish falling wedge pattern before breaking out, I favor a breakout soon with a rally up towards at least the 8735 level, about 19% above current levels. Previous & updated 60-minute charts:

For those that don’t have access to trade futures, GBTC, which trades on the pink sheets, is another proxy for trading bitcoin. While I’m only sharing this as an unofficial trade idea due to the very aggressive nature & large price swings associated with trading cyber-currencies, should the futures break above the bullish falling wedge pattern & continue to rally as I suspect, my price target on GBTC would be set just below the 15.00 resistance level, about 25% above current levels. I’m also sharing these trade ideas as an additional means to diversify a trading or investment portfolio by incorporating various asset classes such as stocks, bonds, commodities, precious metals, etc. so if and when the occasion arises, I may include cyber-currencies if the charts look compelling. Previous & updated daily charts of GBTC.