Couple of significant events recently. Mt Gox Bitcoin is appears likely to hit the market in a few weeks. This would put downward pressure on price in the short term.
On the flip side Blackrock has confirmed it will offer Bitcoin to its clients in the future. $8.5 trillion under management. Just 1% finds its way in to Bitcoin and its off to the races. Medium to long term bullish on this development.
Biggest Bitcoin News of the Year:ARK vs IA Price Models - YouTube