The technical setups posted below use simple trend detection, support and resistance, channels, pattern and candle analysis. We aim for high-probability trade setups on BTCUSD, and use very few indicators. All charts use BNC’s [Bitcoin Liquid Index](bitcoin) for maximum accuracy.

This was a quiet week for news, with many articles still focusing on predictions for next year. Perhaps the most interesting topics is [Cryptsy](https://www.cryptsy.com/), one of the oldest Alt-Coin exchanges.

It has a been a very quiet end to the year in terms of news, even though the price had a sudden $65 drop the day after Christmas. As with previous years, there are infinite articles talking about the year that was, and predictions for 2016.

More and more traditional institutions are coming to the realization that the [Blockchain can solve many of their inefficiencies](news/leading-clearing-houses-join-london-stock-exchange-in-exploring-the-blockchain/).

It's unfortunate that with such large volatility in the stock markets, Bitcoin was not stable enough to benefit from a positive PR spin showing it is an alternative to panic investors in the traditional markets.

The news is still coming in over the possible reasons for the big price fall yesterday, which resulted in a $20 drop in bitcoin’s price.

Last week there were several events geared towards the current [financial](http://www.americanbanker.com/conferences/digitalcurrencies/) and [technology](http://lmhq.nyc/events/microsoft-and-mit-media-lab-invite-you-blockchain-social-good) sectors, providing a full introduction to how Blockchain technology will be revolutionizing their industries.

Now that the Greek crisis has gone to the back-pages, we can get back to a standard look at the industry and consumer acceptance.

It’s pretty clear by now that Greece has had an affect on Bitcoin’s price. What kind of affect is definitely up for debate but here are my opinions on the situation and the most likely outcome going forward.