Bitcoin is hovering around $14,000 as the Holidays come rolling in. The timing could not have been better for Smart Money to start up their cash machine. Now that the futures markets are online the Bitcoin Bonanza is turning into more of a two way market. The sell side is ramping up against the Bitcoin Bonanza Buyers.
In a simple case of what goes up must come down the price of Bitcoin is correcting and there may be more downside in the near future. Big B has already lost a significant percentage of it's value and it will be interesting to see the path that price moves in the coming weeks. Are the algos on or is this just a blip on the radar screen? Only time will tell but one thing is for sure-Bitcoin will definitely be the topic of conversation at many Holiday parties this year.