Bitcoin Bullish Reversal: January 2015

19 בינו׳ 2015

We have a bottom. And a high chance of a trend reversal if the price stays above $192 on Bitstamp. (tradingview.com/v/WKGMEfyW/) Starting in late January to early February 2015 I expect the start of a strong uptrend, when fresh money from salaries arrives around the world and average people start to see the trend change on the chart and buy. The good thing is that most weak hands got shaken out and we have a cleaner market with less bagolders from the old $1200-$600 peak areas after this very strong downtrend with many sellers.