Can We See a Reversal of New Year's BTC/USD Downtrend Soon?
2015 started with a decline in the price of BTC/USD, which was bad news to all BTC traders and speculators. The New Year's downtrend continued until it reached 265.24$ which is a point of support. "Bullish engulfing" could be noted on the BTC/USD 4 hour chart (The arrow points to the sign in the chart), which signaled a reversal in the downtrend and BTC/USD exceeded 300$ on the 7th of January, which can represent a 50% correction of the downtrend starting earlier this month. The price of BTC/USD is likely to fall again before we can see a reversal of the current downtrend. A "bearish....
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