Bitcoin has formed a large Cup with handleBitcoin has formed a large Cup with handle. To complete the shape, it is necessary to reach a level of 464. Level 464 is equal to 50% of the height of the Cup.
Btcecom
Bitcoin longterm 2016 forecastI think if we look at higher lows since october 2015 we can clearly see slow and steady rise in bitcoins value. Market is very calm those days but overall prediction is long. I think at January 2016 we can expect price 480-500 according to this steady appreciation. If you are interested in buying bitcoin, you can do it for sure on bitstamp.net or at eToro ( trade-test.com ) as they have introducet bitcoin trading lately and have very good conditions for it. If you are smaller investor, it is even cheaper to trade at eToro than using Bitstamp.net. Bitstamp is only cheaper if you have already some volume discounts.. if you have standard 0.25% commission account, then trust me, eToro is cheaper. I have switched to this platform personally because of BTC trading. Tell me what do you think about bitcoin prediction for 2016, do you have same opinion on it?
Long term RSIIf the past RSI trend is of any indication of future movement, we should see Bitcoins moving up over the next few weeks.
It'll be a make or break over the next few days. Either we go back to $550 and bounce back strongly or we'll break above the RSI downtrend since 20th May 2014 and head towards $640 - $680.
Bulls need to march towards $600 level ASAP! Given the momentum right now, there's a high possibility that we may be able to move up.
