Post
Topic
Board Speculation
Re: 400 will not hold
by
CryptoBjorn
on 21/07/2016, 21:57:57 UTC
The bitcoin price almost doubled in the last 12 months. So it will need some more time to correct the price.

I think the bitcoin price will trade around the 650 dollars level for some time, then it will jump to $900 to 1000.

To see the price of $900 I think we need to wait for a long time as its not easy to reach there very easily as we are still below $700 level so it will definitely take some time to achieve it.

I don't see it happening such a large increase to 800 or even 900 dollar will happen.
At the moment it seems we are stuck at 650 dollar

The price is very stable under the 700. Every time it is almost going to 700 it is fastly taken back to 650 again.
Too much resistance at this moment, so better to focus on a solid 680 entry point, from where the next level can be triggered.