Post
Topic
Board Speculation
Re: $350 will be the bottom
by
uki
on 07/04/2016, 21:17:52 UTC
Yeah it is around this amount for a while now. I hope that it can go down a bit so that I and other people can buy some Bitcoins. If the price goes up not many poeple will be able to buy Bitcoins.

Yeah, $350 is the new bottom right now..Buy time at above $350 is over,.. The price is just circling around $400...So everyone should take advantage of the price now as we are expecting a more upward movement of the price...We should buy now if we can as we are only 2 months to halving...

The price is mainly above the $400 level. So the $400 number could be the bottom price in the near future.

we will only figure out whether the $400 price level is the bottom or not once there is a dump pushing the price very close to the $400 level. then we can say that the bottom for now is $400. otherwise the previous low of below $400 is still the real bottom.
Things have not changed much in the last two months. $350 is the mid-term bottom, but we also didn't leave in the rear mirror for good. There is simply not enough reasons to move in other direction than sideways and thus any calls about $400 becoming new bottom are too early.