Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
market is stable, not overbought/sold and price is creeping up
volume ath was today, isn't that good indicator of bot? maybe it bounces to 800+ and then consolidates somewhere at 600 +/-100
volume ath was today, isn't that good indicator of bot? maybe it bounces to 800+ and then consolidates somewhere at 600 +/-100
come back down to earth. It won't be back above 650 for a long time, like 2014. maybe
statements like these are always bound to fail when it comes to btc price
Maybe. but the price before btc fever in china was about $180. It's now a month later and we hit over $1200, now it's $550 and it was dropping before this news. The latest news today is just the short term nail in the coffin!
I have no doubt BTC will be back to $1200 and beyond, but to say this is happening anytime soon is just wishful thinking.
you're saying that bitcoin will not be above 650 in 2014?
btw. i did not mention 1200.
I fail to see how... we have 12 days to new year. 7 billion dollars (50%) wiped from the market cap in 12 days. and it was still dropping before the latest news. The people in China investing are not kids with PC's and a few $$ they were real investors that could not give a shit about btc they just wanted to make money.
I think it's doubtful we will see $650 anytime soon. It's Christmas too, so some people will cash out a little for the festive season and new year.
But if you think otherwise... tell me where you think the new investment will come from.