So many here wishes and feels that the crash is coming. Well sry to inform you guys, but what you wish or feel has very little or nothing to do with the price today or tomorrow. Price is going up, because people have not stopped buying. In fact people are buying shitloads of coins every day and if you sell to them, there's a big possibility that you have to buy back at loss if you want be in the train when we hit 1000, 2000 and maybe even 3000.
Actually, what people "wish or feel" is a really good indicator. It's called sentiment and by itself is not a fool proof indicator but combined with good TA can tell you a lot about future movements. I think we're going down. Not an April crash but just something reasonable and sustainable. $400-$500's I'd say. Which is still a big win for Bitcoin.
Maybe, but what people generally wish or feel has very little to do with what people write here in this forum. We're clearly in "bubble-mode" and we are not going to stay here under important support and then just go lower. We're going to see fight for $1000 and there's a big possibility that it will break rather easily which will shift a new gear to this rally once again.
I agree. The holiday week in the US changes things a bit, but if this stays flat for awhile, then that is going to be bullish.
The bears seem to make two arguments. The first, that since we went up and back down 3 times since 2011, that we are going to do the same thing here. But none of the technicals right now look like they those other times. They just don't add up. The second argument is more of a wish, they don't want it to go higher then crash and burn and tarnish bitcoin. But that's just part of it. Bitcoin has survived much worse than a another potential crash/black eye.