Re: $350 is the new barrier?

Well I cannot say that 350$ is the new barrier. IMO, if we all sell this coming halving it will be sure to dump hard and in the worst case we can brake that buy wall down and make it go down a lot. On the other hand if we did'nt break it, it would be nice because it means it will rise again.

A lot has been said about bitcoin and the new floor. Some say 200, some 300 and my personal favorite is 330 dollar. This is based on the last price where a solid floor was established after massively selling. So yes it's a little bit under 350 and for me an acceptable price if the market will correct eh current price.

After the halving, the new floor will be around $500. That is the cost of the mining for many miners in the future.

As you can see now you see that the value of Bitcoin is becoming more worth and that is really nice because many people waited for it so that is perfect.
And maybe the time will be soon that they can sell it but I am not for sure to say that.

It depends on the expection of the price. If you think the price will rise in the long run, it is better to buy some know.

I think the price will rise a lot after the halving. It could even double in 12 months time. So I will buy more.

The bitcoin is still being developed actively and it has good community support like the Etheruem, so it will rise further.

The bitcoin rose more than 50 times after the halving in 2012. So it could also rise a lot after this halving.

If it just rises 20 times, the price of the bitcoin will be $12000 each. That could be a bubble in the forming.