We hovered around 400 for a few days then shot up to 450 on 9.23.2014 and now we are back to 400 within a couple days. If that big injection had not happened on 9.23 would we be around 350 or even lower?
I know this is impossible to say for sure but I want perspective from those who try to quantify/model supply and demands affect on price.
Somewhere between 392 and 400... exactly where we are right now.
My sentiments precisely. There is a lot of money sitting on the sidelines waiting to pounce.. It may pounce in a minute or may pounce in a month..All i am going on is the recent influx of funds into the exchange i use.
By the way, it may drift down to 350 320 but when they pounce it will go nucluar north of 500 fast. (my opinion only)