Quote from: Templeton on April 20, 2013, 07:06:06 PM

Quote from: X-coin on April 20, 2013, 05:57:36 PM

I would not bet on another breakdown down to $ 50.

I think the price will move around the $ 90 to $ 140 range for at least some weeks before rising again.

What is the basis for this prediction? just curious...

Well, if bitcoin was a stock I'd say based on the last correction total crash (-80 to -100%).

But bitcoin is a new technology which is not widely adopted yet. There is huge influx of new capital. This will limit downward pressure. On the other hand some confidence was lost due to the harsh correction. It needs time to get back to euphoria.

Just my thoughts - but of course I can't see the future...

X-coin

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