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!
Suck? If your an investor for the long term of Bitcoin you are probably relishing your forecast here. A few months of ping ponging back and forth will satisfy some of the day traders and a big drop towards the end of the year will satisfy those who want to invest more long term.
Here's to hoping that your forecast comes true!