Post
Topic
Board Speculation
Re: When will we see $1300 again?
by
1Referee
on 14/03/2017, 10:55:10 UTC
I think for some period price will remain in this range as Bitcoin has entered in correction phase. Just look at the price floating which is between 1200-1280 tells many thing by itself. In my opinion seeing 1300$ is not big deal but we will see first more stable floor before next rally.

Correction phase? I don't see any signs of a correction, really. You state that $1300 isn't a big deal, but apparantly it is in fact a big deal for you since you think we have entered a correction phase. The +$1300 peak holds no value since it was an artificially created peak to trigger market orders. If you discard this peak, then it means we are only $50 below the 'legit' all time high. In that regard, we are doing perfectly fine.