Bitcoins looks to be having a double bottom. RSI confirms double bottom. I definitely see this pair having the possibility of going lower but if it does, I would imagine it would only stay lower than this for a few hours at most in the short term (December 10-17). Long term (December 17+) I really don't know where bitcoin will go. Many people are calling it a bubble that will crash soon, but those are the same people who called it a bubble at $1000 so I have learned that their opinion really has nothing to do with the actual state of the market. Till the CME Group comes out next week, the market should overall be bullish, as many big players see the CME Group as the integration of bitcoin into the larger world economy. Happy Trading! Please donate if you like what I do :) Bitcoin: 1Fu8qMYLGhmy43J3BsLc68iMkvZdWmx96r
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Double Bottom Accomplished! :) Happy Trading