The flash crash to $160 was the end of a long drawn out bear market. Then we traded in a nice range of $200-$300 which makes sense after such a massive drop, the smart money accumulated. The first move was to break the the log downtrend line that shut us down time and time again in 2014, then we made it support. This was very , and confirmed to be as we subsequently exploded up to $500. Then after the big move, we made higher lows and lower highs for months, forming a massive . In the midst of this , we broke above the 100 week MA, and then made it support. And then the break out, this is beautiful to watch. Don't ignore what's in front of you.
... Bitcoin will make new ATH's in 2016
...but i am not convinced of that at all until we break support, and think more likely that was just yet another nice shake out before we continue up, hope you didn't panic sell your coins just yet.
1. The Halvening
2. Global Economic Woes
3. Continued gradual and steady progress towards scaling bitcoin through various methods