The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!
This is what i want. A stable price increase is everyone's dream. Because with the price stability then bitcoin will be very difficult to fall in quick time. A steady rise will also lead to a steady decline in prices. So there will not be many people who lose. We should all head to an era like this, because a currency in the world that will be ready for everyone's use is when the currency is stable.
I don't think we are there yet. In the last week we have dipped to $2300 before bouncing back. Except day traders, everybody else will be satisfied with a slow appreciation in the price of Bitcoin.