Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Heh... I finally made Jiimbo crack
Crack? Sorry, I don't do that.
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Meanwhile, we still have about 4 hours left to go up another $3 and put today's candle back to green again.
Recall that this is Sunday...... Therefore, both Daily and weekly candles are closing in a bit less than 3 hours, as I type...
With China being a sensitive market i do expect that every rumors and news could impact the price of bitcoin and despite all that i do expect that the price of bitcoin will trade betweem $850 and $950 for some time,initally i was worried when the price breached the $800 mark but with the recover i do expect it will be like this for some time.
We seem to continue to have some decent upwards price pressures, and likely a bit of ongoing uncertainties regarding whether price can hold at these levels or break through $1k - if we get into those territories and maybe even passionate desires to either breach $1k on the one side and to keep prices below $1k on the other side.
With all of this, I anticipate our price bouncing range to be a bit broader than what you have indicated... maybe $800 to $1k, and I would be less surprise with a breaking of the price above the range rather than a breaking below this price range.