Long term outlook - end of bear trend in late January 2015
Bitcoin has not existed during an extended oil bear however, does provide many of the properties to be considered a 'safe haven'. With recent increased popularity and bearish period, it would not be unexpected to have an upswing. During the right period, this could cause a bubble event.
Probable bearish move to early 300s before a significant bounce to 500s+ in the new year. With a stock market 'crash',
Bitcoin may be a safe haven observed along side Gold or Silver. I expect to see an oil price surge after tagging 45-48 dollars as well once deflation ends.
See chart for details and comments.
Probable bearish move to early 300s before a significant bounce to 500s+ in the new year. With a stock market 'crash',
Bitcoin may be a safe haven observed along side Gold or Silver. I expect to see an oil price surge after tagging 45-48 dollars as well once deflation ends.
See chart for details and comments.