This week bitcoin’s price was another roller coaster reaching a high of $329 on BTC-E. We witnessed a promising rally on December 26th which set a new high, however, the bears crushed it setting last week’s low of $307. The current pattern seems to be mini rallies with high volatility followed by a brutal crushing. We witnessed a similar situation on December 20th where we bottomed out at $316 after a 24 hour rally of a $10 run, shown in the chart below. Full Article Here:
http://www.btcfeed.net/speculation/bitcoins-price-keeps-sliding-chimney-santas-sleigh/
