A perfect example of Wyckoff`s distribution schematic, which indicates a potential double bottom for bitcoin . ........................................................ PSY : preliminary supply. BC : buying climax. ST : secondary test. SOW : sign of weakness. LPSY : last point of supply. UTAD : upthrust after distribution. ..................................................... Therefore I believe that there is no reason to be bullish about Bitcoin in the immediate short-term. Long-term!? of course, but for now not so much. cheers