Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 08/04/2014, 04:41:24 UTC
China's a bit "wtf now?" Smiley

still small volume though and as soon as it tries to break this line you will see massive resistance.  





We seem to be just stuck in this $450-ish limbo land  (NOT even $444, anymore)... and maybe this kind of boringness CANNOT be rushed with such seeming low volume... who would have even guessed that we may be floating in the mid-$450s price territory for so long.   

Seems like both Bears and Bulls are getting a little bit anxious about this BTC price point.  Personally, I keep thinking let's go down to $430 or $425 or even $420 and get it over with.. and maybe thereafter, at some point soon we can progress back up to higher resting grounds....

I'm NOT giving up on $750 to $850 being a more reasonable price range for a few months before the next bubble... maybe as late as August or September?

I seem to be so easily convinced about various bubble scenarios..  maybe it is pie in the sky thinking from me?

 Initially, I was thinking $1,500 as the next bubble, but for some reason that amount is beginning to seem too conservative, and somewhere between $2500 and $3500 or the next bubble may be more reasonable b/c it seems that once prices break the previous ATH, then there is going to be a magnitude of increase beyond the previous ATH - merely b/c bitcoin remains very much in its early stages of expansion and adoption.

At the moment, though, there seems to be some pent up pressures to push these BTC prices down to the $430 or $425 or even $420, but the last several days, the price barely will breach $440.... which may mean that we may be floating here in this $440 to $460 range for a whole week, or at least until 4/15 comes and goes?