pdimitrakos
Long

Bitcoin Forecast

BITSTAMP:BTCUSD   Bitcoin / Dollar
As major improvements on the Bitcoin ecosystem are on their way, the market needs to keep the -albeit modest- momentum and try to at least test the 500 mark within the following few months. What many have called the "mother of all triangles" is still undergoing and could take a while to get broken. I do think this stable period has helped the currency as a whole in displaying a "fair price" around $400 making transactions less vulnerable to market volatility . Now if we actually succeed to breakout and sustain a price above 500, we could potentially enter a new bubble phase. Right now looking at both fundamentals and technicals and most people that look at the data bullish (which is probably something to be affraid of).
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