Post
Topic
Board Speculation
Re: Why are BTC prices not moving ?
by
boumalo
on 13/02/2014, 13:25:22 UTC
I believe that next target point is 380-430 and do not going to pay for btc more than that.
Coins market is overbought right now and market realizing that fact sells coins, consequence of that we see now, and will see in the near future, price will fall proportionally of understanding overbought.
News will not be so big drivers, unless it's fundamental.

There is too much people who knows about crypto right now, and they want to be rich and become fast. Good fundamentals like recognition from government, feds seizure of accounts and imprisoning criminals who owned bitcoins is always good. For us it's always better if bad guys get arrested and coins become less (maybe just for some time). Therefore I do not believe that market will wait until "next wave" in the summer.
Accumulating news can be big catalyst in the future when we hit target point 380-430.
that's what i think.

i love this prediction.
Any comments anyone? Wanna hear.

I think that the price could go down to 400 (or less) but BTC will have a lot of support at those levels so I think it would rebound nicely

If the big news are positive in the next few months I don't think the price can go that low but if there are mostly negative it probably will