Quote from: talkbitcoin on April 10, 2016, 01:16:54 PM

Quote from: randy8777 on April 10, 2016, 11:06:10 AM

Quote from: LMGTFY on April 10, 2016, 10:57:20 AM

Quote from: randy8777 on April 10, 2016, 10:50:00 AM

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.

the market is currently in state of repeating. we have seen the price move in the direction of $450 before, and it didn't even make it to that price level. for some reason it won't go much above that price level, and yes, i agree that the charts don't show anything special at these levels, but i find it very weird though.

the reason is because of the sell walls that was placed in order to keep the price from going any more higher which i find a little strange but i have seen this happening.

No kidding Sherlock! The point is indeed who or what is trying to prevent the price from going up.

They keep selling and selling which makes me wonder, when will these guys run out of coins that they are constantly selling. They have been controlling the price for quite a long time now.