It seems that a doji
has formed so far and the market participants are indecisive about pricing. It appears that the 25 day moving average acts as a resistance and a breakout might result in the beginning of an uptrend. We should observe how the market plays out for now. With the CEO
of Silkroad busted, people should feel that BTC
is a more reliable currency.
I am neutral in the short run and bullish
in the long run.