so are you bullish or bearish rolling into tomorrow? Pricing has held very stable over the past week, but there were a couple sizable sell-offs today that were larger than any other all week..
Inspite of so much positive news,people are not ready to buy bitcoin. Its really strange, how people panic sell without any real bad news.
I think 800 level would be regained in 4-5 days.
Investors are testing bitcoin's stability, before investing in it. I think 1 month of stability from now, would convince them to buy.
There is a chance of fall between 20 Jan to 2 Feb 2014, if market goes below 725 to 653 band in this period.This fall may bring USD/BTC down to 275 level.
USD/BTC fell to 727 level on 28 Jan 2014,but did not entered in the band given by me. Now 770 to 810 level will act as base for at least next month .