BTC Appears to be breaking halfway fib points and returning to the 'bottom' of the triangle. I suspect a break to 379 will occur before a retrace to 364~ (and another pump up and above 382 after.)
Bitcoin has been busting its butt sideways. This path seems most likely given the various 'large' movements.
Here are some suspected moves of bitcoin that should play out in the near future.
Looks like bitcoin is growing up and moving forward in the fashion that has led up to its current price.
With all the bearish pressure mounting many smaller traders and investors are concerned.. not to worry. Coming up are many US sell off's of various assets, as well as upcoming positive news about Bitcoin will lead to a mass entry into bitcoin ownership 'while its cheap'. It should eventually reach its old low before the Mt.Gox Scandal(~1200), to introduce the new...
This graph attempts to predict a transition from a bear trend into bull.