Bitcoin Analysis: Week of Dec 28 (Year in Review)
Last Week we concluded with the following: Because just 14 months ago the price of a bitcoin was around US$100, the long term chart is still showing tiny signs that a reversal can come any week so we have to remain slightly bullish on that time frame. On the other hand, there is nothing positive to point to technically or fundamentally on a daily level. Demand from people going out and understanding Bitcoin along with buying a few to just to try remains pretty week. The daily price chart reflects this, so as much as we want to say that US$300 will hold the price up, the probabilities are....
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