btc china

٢٤ ديسمبر ٢٠١٣

i am still bearish until proven otherwise. the trendlines for btcchina align more definitively than stamp/gox. i expect a sell off once we touch the green line. We should have action in the markets within 24 hours assuming we maintain current price. China does not celebrate christmas, so breaking news could happen anytime this week.

Since china's graph has been the catalyst for the start of the bubble and bitcoin has not fully divorced from china yet, I think China's prices will lead us in whatever direction it chooses.