Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Asrael999
on 10/02/2014, 12:09:52 UTC

it's bullish in that bitcoin isn't broken, and bearish in that it suggests that gox are hiding something.  

Gox appear to be attempting to blame poor coding in their own wallet software on the blockchain coding, rather than accepting that it is their poor implementation of wallet software which is causing their problems.

Of course we can expect mainstream media to just go with the "bitcoin is broken" headlines and for sellers to sell and those who see opportunity to buy at their targets.

For anyone who cares about the long term log trendline todays value of the line is $658.5,  so the price is currently below trend for pretty much the first time since October.

https://bitcointalk.org/index.php?topic=322058.0