After showing its strength to a massive public scope from traditional media, the bitcoin price has started the next climb, which is set to double quotes during December. Prices built an intermediate level at $700, creating a premature lateral sideways market, which was estimated to form at a higher level, increasing volatility in a big flag pattern. Once the flag pattern appears, we should see another short climb to the technical objective at $820 and beyond. If this forecast comes true, then the euphoric bubble would be on, doubling the present quotes before the end of 2016. Read more: bitcoinist.net
