JimMakos
Long

Bitcoin set for restart?

BITSTAMP:BTCUSD   Bitcoin / Dollar
698 2 1
Who pressed Bitcoin's restart button? Bitcoin             up $50 in the last 24 hours.

Why Bitcoin's recent climb has potential:

1. Downtrend has ended, noted by the broken red line.
2. Volume spike.
3. Filled green candlestick .
4. Possible upcoming upsets in financial markets.
5. More companies/websites now accept Bitcoins             .

Can you think of any other reasons? Or maybe you disagree and believe Bitcoin             will plummet. Hm?
Not clear if "upcoming upsets in financial markets" are positive or negative for BTC. I estimate the next 3 weeks will be interesting. It could also mean that people need to liquidize their BTC to cover losses elsewhere.
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JimMakos sraosha
A favorable for Bitcoin upset would be European bond yields beginning to rise again, as they did so a week ago.
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