Quote from: patrisorvieto on April 01, 2017, 03:22:50 PM

Quote from: york780 on April 01, 2017, 02:32:39 PM

First of all I dont expect a price drop (short term) because we are in a consolidation period. We are slowly moving upwards away from the $1069 floor. We will have a quite flat movement upwards to $1130. After that expect some resistance of some weak hands who cant handle the bullish truth. It depends on the FUD and the upcoming news if we see 1 last downmove (zone 3) before we start our next bullrun. Sideways will almost everytime result in a drop before we go up. Dont expect any drops near $800. Bitcoin is way too strong for that.I would be very hard to break through the $1000 floor once again. Only rumours of bitcoin being forked could manage that.

For example when you see a non-inovative based company have the risk of splitting up, the value decreases with at least 50%. Bitcoin only decreased 30%. And they are still saying that bitcoin is volatile. Roll Eyes

The volatility of Bitcoin is decreasing, every year more and more. Thats why a 1000 EUR floor is becoming a known fact in the upcoming months. The month april is still tricky because of its sideways movement. Its normal for a market to go sideways after such a decrease, its healthy. But bitcoin traders dont like healty movement they are risk seeking traders. Thats why I expect 1 more downmove before the bullrun.

It makes sense, what credibility I can give to a PearCoin fanboy? Grin

Man I cant wait for april 2.