Quote from: findftp on May 14, 2014, 04:25:17 PM

Quote from: zimmah on May 14, 2014, 03:50:01 PM

Quote from: kehtolo on May 14, 2014, 03:34:16 PM

Quote from: rpietila on May 14, 2014, 03:18:48 PM

And it is rallying: 0.447 touched for the first time in 72 hours!

We've come (fallen) a long way if this is what constitutes a rally nowadays!

every rally has to start somewhere.

It will probably encounter some form of resistance around ~450, ~470 ~500, ~670 and of course ~1000 and ~1400 (and probably more price points) but it will eventually go pretty fast and it seems to be starting now. It will probably take a couple of week or even a month or two to fully develop though but all signs are pointing towards a forming rally.

And the top will most likely be somewhere between 5000 and 7000 or something indeed.

I think it very hard to call the next top already.
It really depends on all the news.
For example, when a government declares bitcoin national currency, BTC goes much higher than 7000 (add a couple zeros)
But, when proof exist of a fatal flaw in bitcoin we pretty much go to zero.

But, I very much like the binary bet.

It will not most likely go to 700 000 USD at this rally but 7000 is realistic based on so many previous rallies.