Bitcoin Bullish Reversal Pattern - 2015

BITSTAMP:BTCUSD   Bitcoin / Dollar
1734 26 7
152             US Dollar             per Bitcoin could be the bottom of the year 2015. A bottom which will be tested in the coming days. Let's see what Fibonacci has in store for us.

P.S. Also please look at my older chart:
Bitcoin price down. Where next?
Suspicious. Bitcoin misses Christmas?
First upvote!!
ChartArt LastBattle
:D Finally - after two days - someone likes my bull chart. Thank you, LastBattle :)
+1 Reply
Qiuness ChartArt
well most charts i`ve seen in the last days say 240-260... but the bulls are having a really hard time making it happen
MoonTrader Qiuness
Patience. The market is full of skeptics, but it does not mean the bulls are weak.
+1 Reply
It really doesn't seem to be the bottom. There just isn't enough demand at this level. Huge volume, but the price isn't moving yet. We may have to reach one more new low before we take off.
Qiuness MoonTrader
that is also something most people agree on :) i just hope it is not 2 digit prices!
MoonTrader Qiuness
Nah. I highly doubt it. Huge support in the $120s-$130s and the market is oversold. We'll probably bottom soon.
ChartArt MoonTrader
Either we go up here starting Monday after a test of this bottom and one year resistance area of $192-$196 during this weekend. Or we crash down to below $100:
Next Bitcoin price support is at $192-$196
+1 Reply
MoonTrader ChartArt
Why is it either-or? There's a lot of support at $130. Why not turn around there?
ChartArt MoonTrader
Because if we don't go up very soon, then we have a bearish death cross of the 1 year moving average price with the 2 year moving average price, which so extremely bearish that I doubt that we turn around at $130, when the price was at only §13-$50 the first three months of 2013 and below $20 in 2012. There are just too many people still holding who could cash out when the price falls.

Even Gavin Andresen, chief scientist at the Bitcoin Foundation, is already cashing out his BTC:

"Gavin Andresen holds thousands of bitcoins, enough to retire comfortably. But he has been cashing them in slowly, investing in stock market funds instead."

So why stop at $130 exactly? Either the one year resistance area of $190-$200 holds or the Bitcoin price is doomed for the entire year 2015.
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