Bitcoin Outlook Is Sunny as Creator Emerges From Shadows: Chart

Bitcoin's Big Boom: When Will Blockchain Go Mainstream?

Now that bitcoin’s creator has finally revealed himself, let’s take a look at the virtual currency’s short-term prospects. It has been riding a fairly smooth upward trend line since a wild gyration in November. It’s right at its 20-day moving average, the midpoint in a Bollinger Bands analysis that suggests the currency is in a period of low volatility. It’s also well above the key Fibonacci level representing a 61.8 percent recovery from November’s low to that month’s high, which has provided support and resistance in recent months.

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