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.

A retest of $700 sounds too drastic. We have fallen to $860 and I think we might head to $820 levels before resuming the steady increase forward.
Unless a whale with bitcoins wants to crash the market, we won't go too low since the $930 peaks are still fresh in people's minds.

Bitcoin is still quite a volatile asset, so a 20% correction wouldn't be something unusual. According to this article: http://www.zerohedge.com/news/2016-10-27/needham-raises-bitcoin-price-target-848-heres-why Bitcoin's volatility is smaller than three years ago, but still one should be prepared for a solid correction, once it starts. At the moment the real correction hasn't started yet, we are still in the phase where bulls and bears are trying who is stronger.