Bitcoin has spent most of 2015 between USD$225 and USD$300. This is quite a contrast to the volatile price moves bitcoin traders experienced through 2014. In our previous post, we noted that volume and volatility were both below average for Bitcoin. We thought it was a sign that the market was ready to move. Perhaps we should have said 'the market was waiting to move' The Bitcoin market is still waiting to move.

A significant event will trigger a sudden change in the market. Only problem is, we can't predict the future, so we don't know if it will send Bitcoin up beyond $1,200 or down into oblivion. Alternately we could be wrong, and the market could continue to drift and deflate like a balloon.

What Are Your Thoughts?

Tell us what you think, we'd love to hear from you in the comments section. Is Bitcoin about to take off? What do you think will bring traders back into the market? Will they be buying or short selling?