Post
Topic
Board Speculation
Re: touch down to 800$ is near
by
Trasnadian
on 24/12/2016, 10:35:38 UTC
Expanding adoption coupled with price manipulation, of course. As I said yesterday, it will be clear in a short while if this grown is organic or on "juice". If the price establishes itself around its current levels, it will be real adoption and we could expect the price to continue to rise in the future. If this price surge is manipulated, then it won't stay at these levels for long and it should drop sooner rather than later.
The price already been drop and back to 800 value and i think many people are actually satisfied what is the price right now they have no strong believe that the price could be hit at 1k value if that is happen that more people are not believing that the price could be hit to 1k value the price will drop if the price hit 900 value again soon.. if there is more people are investing..this part of increase and decrease price is just a normal the same movement of the price last year..

The price is still trading around $900. Where did you see that Bitcoin had dropped back to $800? There seems not to be too much sell pressure right now, therefore the price could easily surge another 100 dollars in a matter of a few days, if not overnight. Bears have been heavily beaten down at $780-790 price level, and what's left of them is likely preparing to fight again around $1,000. It is more about how much demand is left there which determines how high the price might go.

It just dropped back to $890. It needs consolidation.