i think there's a good chance you're right.
3 pushdowns to this level after the initial breakout which broke the longterm downtrend. this should be the last one. selling pressure looks to be exhausted.
Topic: Bears Last Push? - page 2. (Read 2163 times)
For now it seems that there is not much support at the current price. Speculation is to far ahead of actual value. We got at least a few more months of $475-$620. I don't expect the next bubble until early 2015.
Bitcoin history suggests that after the pop and subsequent decline, the price breaks out of the downtrend. Then trades sideways for several weeks, then bears make one final push, then BOOM.
Does this look familiar?
Does this look familiar?
Jump to: