The grey line represents the average Bitcoin price on since 9-13-2014. (This is as far back as Quandl Data Lets me go). Interestingly, that price is very close to the intersection of the resistance and support lines of the .
All else considered, Bitcoin is one of the most important technological innovations of all time. A huge number of adopters streamed into Bitcoin during 2014, and now with government participation, Bitcoin is well on its way to become mainstream. As more people adopt Bitcoin , the less volatile it will become, and the more merchants may choose to use it and to hold onto it. I believe the current price of Bitcoin represents one of the most attractive Buy in opportunities for the Long-Term of 2015. Too many investors forget to ask the question? "How Much"?
Keep in mind the what the past teaches us it that the future will always surprise us.