30/12/2014- Cryptocurrencies in Limbo as Year Draws to a Close
Cryptocurrencies are entering a state of limbo as the year draws to a close. In the past two days bitcoin has been ranging in a tight $10 dollars area between $307 and $317. Litecoin is also trading flat, stuck between $2.64 and $2.74 per coin. Namecoin has been hovering around $0.71 since Monday, after losing 14 percent last week.
Bitcoin Ranging Between $307 and $317
Bitcoin spent the last two days ranging between $307 and $317. While the bias is undoubtedly down, the momentum lower has been stunted by repeated rejections of $300. The double bottom at $304 continues to be an important milestone for BTC.
Read more https://blog.fxopen.com/cryptocurrencies-in-limbo-as-year-draws-to-a-close/