Quote from: windjc on July 21, 2014, 08:44:24 AM

Quote from: JimNastics on July 21, 2014, 08:41:30 AM

We've probably near enough exhausted all the sellers in the current price range, but not enough buyers are coming in to drive up. The biggest worry is all of the people who got in during the last bubble above $700, I guess a lot of them are just waiting to cash out and get their money back. There is going to be unbelievable resistance up to $1200.

Hmmm. Really? Are you sure? I mean, I have heard this theory several times, but if you invested in Bitcoin between $700-$1200, then you probably have had some time to learn about bitcoin since then. Like the fact that it has already had several major bubble price growth periods. And if you haven't panicked sold yet, why would you sell as soon as you could break even, if the price is on the rise AGAIN?

Does not make a lot of sense to me. Although I am not saying your wrong.

Technical resistant at around 400 level. Any correction to 500 level will get scoop out quick.