Bitcoin Price Analysis December 28, 2015 – Post Christmas Bearish Relapse
Bitcoin price took a bearish plunge following Christmas to print a low of around $407 last Saturday. Although our technical analysis predicted a continuation of the bullish wave of December, it seems that price dropped, possibly due to news of meltdown of the MMM Global ponzi scheme. Moreover, the price drop can be attributed to large numbers of people cashing out their bitcoin Christmas gifts.
http://bitcoinnewschannel.com/2015/12/2 ... h-relapse/