Some will say it’s dead and buried. It most certainly isn’t the hot thing in the news right now. The technicals, however, paint a different picture.
What does this mean? While it doesn’t imply the old high of 1200$ or so will ever be reached again, it does imply the price drop is now pretty much over. I believe bitcoin is here to stay, whatever its final price may be.
[EDIT] This does not show on the log scale yet, so take this whole article with a grain of salt.