We might have a bottom at $500. Then a new uptrend might grow based on the eBay news and test at least the last resistance at $550 or $570. Stop loss $497
Not a good news.
We are in bear and this will only bring us further down. Paypal accepting Bitcoins means millions more place to cash out and cause more pressure on price.
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This is an announcement that in some time in the far future people might pay with Bitcoin at eBay. There is no immediate selling pressure from people cashing out at ebay with BTC.
We are in bear and this will only bring us further down. Paypal accepting Bitcoins means millions more place to cash out and cause more pressure on price.