Re: touch down to 800$ is near

Touch down to $900 is near lol. It rose really fast in some 24 hours. Its $899 now, cant believe it. It might just reach $1000 on new year or a few days after that. Have to stay tuned for more updates

I guess this thread should be locked now

EDIT: The price is not $901.89
So better make a thread saying touch down near $1000 then it will rise faster I guess XD

It is already $910. Any reason for that?

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.

It should be clear by now, that it is mostly manipulation that drove us to these levels. In terms of adoption, not much has changed in the last six months or so, when the price nearly doubled.
Therefore, I would wait till the correction to check where the new stable level is. I guess we may see a retest of $700.

We are not there yet to make any definitive conclusion, to be honest. The price fall that we just witnessed may well have been a single big whale or a group of smaller whales cashing out. We should wait a few days and see if Bitcoin consolidates above the $800 level. If the price doesn't crash substantially below $800 and stays at that level for a few weeks just like it did with the +$750 level, then we could expect a next wave of demand overwhelming supply with prices surging to $1,000 per coin and hopefully above.