nummus

BTC price has bounced from the main channel - a new major rally?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Today the BTC price has clearly bounced from the main channel. If the price will hold, it means that we're not entering the main channel after all - yet! So, if we're not going down, then we're going up. :-) Some alts have already rallied recently, so why wouldn't Bitcoin . To see what we can expect, I've drawn a fractal of the two peaks from April and November 2013. The difference between the two peaks at that time was 350%. Perhaps we can expect something similar this time. However, let's first receive some confirmation that we have indeed reached the bottom for the time being.

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