2012-08-21

Bitcoin prices moving higher again

Here's a long-term chart from bitcoin charts.

There's a similar rise in Google Trends for bitcoin.

What's really interesting is what's underlying the move. Blockchain has a whole host of stats and charts on bitcoin, including transaction data:

Bitcoin did a classic 5-wave Elliot Wave structure last year, covered here and here. If that move was the first of a larger wave pattern, it appears wave 2 has completed and we may be in the midst of a larger wave 3. Either way, interest in bitcoins is picking up.

No comments:

Post a Comment