A good position to take a long appears to be in the price range of 420-465 dollars. There is proven high support in this area. Assuming the trend on the high lows hold, then 455 dollars will be the ideal buy in point.
After a long bear market, the Bitcoin phenomenon requires a double bottom to renew price confidence.
While the market is late for their yearly speculator bubble. New confidence in a higher, $550 dollar bottom would show yearly gains in the xxx% range and allow for further speculator growth
Additionally, with the US market index held afloat by QE that is unable to...