Re: 400 will not hold

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

I like how calm the market state is right now. Everything is better than the price going down. Right now it's just waiting for a large buyer to get the market moving again. After that the price might get some of its action back. All eyes are pointed at China as always.

I think it is the calm before the storm. After 3 to 4 months of correction or calm, the price will rise a lot.