The news has generally been upbeat, and bitcoin has shed off the prior's year news and pushed back above the 850 mark, and with gusto no less.
Bitcoin ATM's moving into Hong Kong, Taiwan, then Europe. American politicians looking for donations in bitcoin, and a new anonymizer for bitcoin transactions on the horizon, the long term prognosis of bitcoin looks better and better.
From a technical standpoint, Bitcoin's latest push has held in the upper 50% of the push (above the 850 mark). This is what you want to see if you expect the move to be sustained.
After than move, price has been brisk and volatile (not a bad thing), and pushing outside its high-bound Fibonacci levels. All good signs.
Let's see what Asia and Europe have to offer in the next few hours.
More to come : )
cj
