It will be interesting to see what happens when the price hits this line in the near future. Will we get a bounce up in price. I think there’s a decent chance that may happen and if it does the chart will start to look rather bullish again.
If you’ve been sitting out, maybe its soon time to get back into bitcoins?
This chart clearly illustrates to me the trader sentiment that the April 10 bubble can be re-inflated. This sentiment should become weaker as peaks at $266, $166, $147 and now $125 remain unsurpassed.
Simply the coin growing because more and more people are starting to use it isn't possibility, no?