Market Summary: The $400 Barrier
While Bitcoin briefly did break the magical $400 barrier a couple weeks ago, it has now receded to the $380-$390, experiencing a lot of sideways movement between the two. In an attempt to keep current however (graphs do not reflect this) the price of Bitcoin has fallen down to the $360-$370 range, just showing how the price of Bitcoin can change to a day to day basis. Bitcoins volume is slowly decreasing, and price is staying relatively stable. If we refer to history of Bitcoin, my gut feeling is Bitcoin will experience more sideways movement for a long time, with a slightly downward trend.
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