Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

I have to disagree. That trendline needs to be lower, the start should be at the end of 2015.

below 3000 is not possible https://forum.bits.media/index.php?/topic/952-%D0%BA%D1%83%D1%80%D1%81-bitcoin/&do=findComment&comment=1707986

Wait and see what happens when all the MtGox Bitcoins are released into the wild if the current price is hovering around $3000 / BTC.

When is that coin release going to happen?

Probably not going to change anything significantly when the MtGox coins are released to the coin owners - such release might be a bullish event.

How? Unless they got dollars they won't be buying extra coins as a result of the release, but will have coins of which some will probably be sold due to the amount of people involved.