Short/Med Targets: Post-Bubble Negative Sentiment Clear-out?
Short-term: Bearish
Medium term: Neutral
Long-term: Bullish
My prediction is that we might continue with the downward trend for another ~30 days, bottoming out around 450.
It's also entirely possible that we're seeing a faster crash/recovery cycle than in the past. This latest Gox crash may be the last dip needed to clear-out the post-bubble/Chinese New Year negative sentiment.
Medium term: Neutral
Long-term: Bullish
My prediction is that we might continue with the downward trend for another ~30 days, bottoming out around 450.
It's also entirely possible that we're seeing a faster crash/recovery cycle than in the past. This latest Gox crash may be the last dip needed to clear-out the post-bubble/Chinese New Year negative sentiment.
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