bitcoin price spike due to us dollar falling against asian currency?

[critical]

bitcoin price spike due to us dollar falling against asian currency?

as us dollar has been falling this few days, thus the price of bitcoin has increased, i suspect

[zby]

It's just retracting the 70% of the jump down - just like in all previous cases:

[dancupid]

bitcoin price spike due to us dollar falling against asian currency?

as us dollar has been falling this few days, thus the price of bitcoin has increased, i suspect

Yeah but bitcoin has increased over 50%, which is far above these changes. Bitcoin has broken the long term downward trend (depending how you draw the trend lines) , which has given people confidence again.

[BTCurious]

For more info on this, see https://bitcointalk.org/index.php?topic=49264.20
Specifically page 2 and onwards, I have drawn the trendlines in a variety of ways, and explained what they indicate.