Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Target 1 would be 8,600-8,800$ if BTC breaks that we are off to the 9,000$ level again.
Everytime it breaks $9000 somebody on reddit creates a topic and says "this is the last time we see btc under $9k" and then few days later we go under $9k again.
I think they are dumping on us and like many told before they'll keep dumping it till we hit below $5k. They probably have enough bitcoins to give us 2-3 painful years before the next big boom.
It is mt. gox damn it....from what I figure they have to dump $240 million in usd of BTC a month, to get the liguidation done by the end of this year....*them
trustees want their cut and the Japanese Gov't wants this all over with)
thus, we will go to 9k and drop to 7k and rinse wash repeat for a month or two...then the mt. gox trustees will have a timeline, say end of the year and we will
drop to 4k ...it is gonna suck!