Quote from: DeadCoin on October 04, 2014, 08:23:45 AM

Quote from: jasonjm on October 03, 2014, 11:25:19 PM

just a matter of time now, odds are very high. Don't see why any large specs would bother buying until they see what happens at 270.

that 270 doesn't hold and this could get ugly.

I had a 50k buy order in at 270 but now I'm just gonna wait and see what happens there.

Why do people keep insisting previous high is important? Imo April low and mid-2013 period between two bubbles are much more important resistant points than peak from previous bubble. Even tough I don't think any of them are relevant, bitcoin will continue it's course regardless of those numbers 266 or 100 or 400 is just like any other.

Last phase of bubble is usually hysterical, 50% correction before making a new high is not unconventional in the last phase of a bubble.