Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

$421 boring action man. Somebody wake me up from hibernation if/when we hit $700 or something.

Even in the best-case scenarios, $700 is going to be a while... Maybe 4 months or longer....?

I would think that if we get into the $480s (and possibly into the $470s would be sufficient), then it is very likely that we would be able to experience the $600s within that same price run... and the $700s seem to be quite a longer shot, especially without some correction (profit-taking) period, first.. which could cause several months of delay... but really, I would like to be wrong, and it does seem difficult to deny that bitcoin is due for some kind of upwards price explosion... I just fear that getting into the $800s would likely require movement to a new ATH (and we may not be quite ready for that, yet?).

680 is next stop

You may be correct, but frequently I am skeptical when price predictions are too specific and lacking in qualifiers. That's a decent number, though... I frequently am hypothesizing that once prices go past $502 (which really seems to become inevitable after $480, then prices are going to shoot into the $600 to $650 territories... and certainly overshooting towards $680 is not outside of normal irrational bitcoin history, which seems quite likely to continue.