BITSTAMP:BTCUSD   Bitcoin / Dollar
170 0 4
Major Fib resistance zone from ATH             to last major low has played out as expected. A nice bottoming pattern has been put in and multiple fib targets have formed to the upside. With Gold             and silver             breaking out we should expect to see collateral effects to BTC . Halving is quickly approaching, I suspect that we will start seeing an increase in uptrend, although the dynamics of halving have to take into account things such as miner set-aside amounts, etc. so the true effect of halving may not really be seen on price until such things have been exhausted. Ultimately I see no reason for demand to decline, in fact quite the opposite. BTC has been a flight to safety much like gold             & silver             . Therefore I believe ATH             will be taken out this year, with price at least doubling in 2017.
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