Post
Topic
Board Speculation
Re: Stable, stable, stable!
by
LMGTFY
on 10/04/2016, 10:57:20 UTC

i think it's normal to think the price may go to below $400 levels as bitcoin has surprised many of us plenty of times already. i think this month we'll make an attempt to reach $450 as we're heading towards the block halving. but then again, i don't think we will be able to hold $450 for long as the price will get dumped down again.

Why $450? Has there been a lot of buying around $450? Apart from that possibility, I'm not seeing anything about $450 that suggests there'll be resistance - the only significance I can see is that the last peak reached $450 - but that was in the context of lower peaks, higher troughs.

I expect resistance around $500, however, due to the November high.