Post
Topic
Board Speculation
Re: $350 is the new barrier?
by
apriyoni
on 12/06/2016, 08:11:42 UTC

The halving price already seem to be set in. Which means the price will float around the 450 if you ask me. But yes the halving is coming and there are still a lot of things that can be happen. For example testing where the real support is (probably somewhere in the 320 - 350 area)

No it's nothing to do with the halving. It is the effect of manipulation that Chinese started in some of the big exchanges.

No way halving will give bumps to the recent price rally without the activity of the CN manipulators.

The recent rise of the bitcoin price is good for the sales of the new Bitmain S9 miners. So it could be caused by the Chinese.

The Chinese got a lot of money. Wherever their money flow, the price will rise. The gold, iron ore and oil has risen a lot recently.

The latest rise of the bitcoin started in China again. If the Chinese move 0.001% of their wealth into bitcoin, the price will be much higher.