Based on the chart, bitcoin price has been going on a nosedive. Mostly affected by several government regulations.
After several weeks on continuous bearish direction of bitcoin and other crypto currencies it seems that we are nearing the bottom and there is a good indication that a "Bull" run is imminent. It would not be an easy ride though unless otherwise there is a stoppage in the government regulations which has been the major factor of the trading direction. Is it wise to buy now and take a long position?
Please drop by to share your ideas and comments..
image source: screen capture from Bitcoin Chart Widget