ncx

Bitcoin looking for new price

Long
BITSTAMP:BTCUSD   Bitcoin
The Coin has not yet decided where it wants to go. However, i favor a long scenario with probably 2740 entry price, if the coin doesn't reach this point again after clear short term upward movement i wouldn't touch it. if it falls under 2650, the coin will start a longer movement towards 2500 and could take a few days to recover. otherwise, if the 2850 is clearly broken, 3000 with new all-time-high is in reach, after which the price drops to 2600 again or lower.

The things with the protocol changes might influence the price next week, however there is a good level of agreement, the current price level proves that, anyway the price could drop short term again or come through a phase with high volatility where trading might not be advised. This won't happen before end of the week however, if it even happens, who knows.
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