By: Stephanie Brown
The yearly North American Bitcoin Conference is gaining more and more prominence, thanks to a surge in registration. Participants have been working closely with the industry, investors and individuals who want to know more about the Bitcoin world.
Many conference participants are trying to help Bitcoin emerge from just being a financial asset to becoming a mainstream tool for online transactions. In two short years, the NABC has grown from 100 participants to about 1500.
This year the NABC will take centre stage, considering all of the struggles the crypto-currency has endured this past year. It is now receiving increased regulatory scrutiny since Mt Gox, the largest currency exchange filed for bankruptcy. However, more companies such as PayPal and Dell started to accept Bitcoin as a form of payment.
Most industry experts believe that this year’s discussion will heavily focus upon higher sales volumes generated by retailers during this past ‘Bitcoin Black Friday’ along with steps taken by the industry to make the virtual currency more accessible to world-wide users.
Aside from North America, Bitcoin will be a big talking point at this year’s upcoming European E-commerce Conference. More and more enthusiasts ranging from big businesses, to end-users were reported to be taking a keener interest in the digital currency at the future seminar.
Technical Analysis
The BTC/USD continues to trade in a flat zone. Moving ahead, it has strong support near $350, with resistance coming in at approximately $380 on the upside.
Actionable Insight
Buy the BTC/USD above $380 for target of $385, $390 with a stop-loss of $376.5.
