Post
Topic
Board Speculation
Re: BTC at $435. Is it sustainable?
by
RastoMan
on 07/07/2016, 07:06:23 UTC
We are having a fantastic price consistency of 630-650 range and this is very good news since we are consolidating a new floor. Now everytime we go under 600 there will be a bull rush that will push it up again towards that range. In other words its only up from now on.

I think the price consolidation around the current levels is good to absorb some profit taking and preparing for the next price rise.
yeah, the price is really stable at the moment and i think that it is just a wait before a huge growth that is going to happen in the near future because of the halving

the price is not going back to 435 dollar mark any time soon, but i think that the price is going to bounce back really fast, thus allowing me to make a lot of money if i buy right now

Some core team members promised the 2MB block size increase will be implemented in July, so that could boost price.

We have 26 days until the end of July. So the price of bitcoin could rise in the next few weeks at least.

Take in effect the halving which is almost due.
My guess now is there will be no major pumps anymore. A price of 700 would be great, but honestly I am not counting on it anymore.

I think the price of bitcoin will be between $600 to $700 in the next few weeks. We are waiting for other news.