Bitcoin Breaks $5,000!!!

Bitcoin breaks the magic $5,000 milestone with huge volume

Bitcoin finally broke the magic $5,000 barrier on large volume. At the time of this writing bitcoin was trading ~$5,160 on various exchanges. The convincing breakout suggests a back test of $5,000-$5,100 is likely with $5k being the new floor. Recent action suggest that new highs remains to be seen in the coming days. I think the new high at this stage will likely be in the $6-7k range before any significant pull back.