Bitcoin market update 8-24-2014, Choppy movements.
This is gonna be short. Bitcoin price on last Friday looked like a Head and Shoulder pattern. I briefly mentioned that every forum and post on the internet community spotted it; which it didn't pan out.
We are in a consolidated pattern and the direction is unclear. Only a breakout above or below the trendlines will tell. However, with the recent down-trend, I am guess down? This is a wait and see type of days.