Quote from: belmonty on October 30, 2016, 06:00:58 PM

Quote from: Karartma1 on October 30, 2016, 05:47:59 PM

If bitcoin will go up to $800 then we could see a new all time high in my opinion. We have to cross and destroy the latest 2016 ATH to be ready for the moon take off.
A lot of new money is flowing into btc and this means only one thing, that the way is up.
Christmas gifts are just around the corner

If Bitcoin goes up to $800 it will probably continue going up to the 2013 ATH, but there might be a retrace off it back down before it goes any higher. Some predict it will surge straight through the 2013 ATH and continue to $2000 or $3000. Others predict it will go up in steps with retraces in between them, and I think that's what will happen.

I think the bolded part is correct, people will always take profit so we will inevitably have retraces on the way up.