Current market conditions for bitcoin
still look bearish
on the weekly. Possible reversal coming off 302 level, however no clear signs of an uptrend on the weekly. Smaller time frames show price oscillation in both directions. Waiting for alignment of most time frames to determine next big price move. Bitcoin
is a birth of a new market with many possibilities. New Apple
pay may take market share for future digital payments. http://www.coindesk.com/apple-pay-threat-bitcoin/
The decentralized model of Bitcoin
; it's greatest strength, might be it's greatest weakness when it comes to commercial adoption.