Bitcoin Forum

What do you think guys. Bitcoin has been going strong at pumping itself into the 240s and 250 is currently a target for the month which may see a rise eventually to higher figures ...

Always when it looks like it is going up, there will be a dump bringing the price back to $22X level. Not sure if this is an exception.

Another dead cat bouncing, I wouldn't be surprised if it dropped back to $220 level tomorrow. It just repeat too often.

Only a few dollars away. If we can hold it just a few days, could form a new resistance.

It could get there in a few minutes and then back to 230 and below without breaking a sweat. The question is when it finally leaves it all behind. There may be lower lows too but some day it will. That'll be a sweet moment.

I think the price will stay under 300 dollars until the end of 2015, maybe after the halving can rise to 300 dollars (but we should forget about 1k dollars/bitcoin).




*When if finally go to 1'000 dollars per bitcoin http://nodownloadzoneforum.net/public/style_emoticons/default/Asd.gif.  //Sarcasm

It seems that bitcoin is only a pump and dump, a lot of people is not interested in the real 'bitcoin' anymore (I am talking in genera, nothing against the OP or any users that wrote in this thread).

Shouldn't be a problem to break 300. Cost of mining is way above that price for a while.

my guess is it will go below $200 again before we'll see a recovery to +$250 currently there is just too much sell pressure. but it's just a guess.

I think 250 is a matter of days. You can quote me on that ...

Then there is the critical 266-70 level that has to be passed. In the last cycle, price had its top at least twice in this range, and that's not a surprise because it's a level of "historic importance" (top of the april 2013 rally).

If we reach 320, then I say we will go to 400, at least. But I don't expect 1000 to happen this year.

I agree

Price can stay at around $250 for as long as it takes. $250 is a fair price for bitcoin. As long as it stays above $200, I am fine with it. We don't need bubbles, long term stability and less volatility is what bitcoin needs to take it to new highs.

250$ mark is no barrier, since just the other day the price spiked above ~270 USD, of course, there was no solid buy walls and support to keep it in that range, but it just proves
that the next jump will be same or above that mark.
Anyways, if you're not daytrading, i really don't see why that low of an increase would be of some value, were we not having a much bigger expectations for this year?

you mean that empty btc-e pump to $270 ? that is not an indication as it was a planned group pump. but i agree with $250 not being a barrier.

There could be a mini or so drop on btc-e while we're at 239+ atm. The point is to realize what will happen next and what trend it will take. UP or Down? Later in the day is when action takes place from what I've seen lately so go figure...

go down again  ;D , last time i have sold a lot of bitcoin at $241 maybe go down to 200 again

still we can't say that it is a real barrier, when it was broken not long time ago and not one time only, it can be only considered a mental barrier at best, i would say 275 is more of a barrier for this month

It is currently 9 dollars away.

As soon as GBTC trades the price will jump another thirty dollars.

May break the barrier this week.

to some extent fiat is irrelevant to BTC, since fiat can be endlessly printed.

I have come to the view that fiat is largely a means to strip mine wealth from wealth generators, eg actual useful work.

It's still too early to make a conclusion. As always, when there's a rally, there will be groups of people taking opportunity to dump the coins for quick profit. For me it doesn't matter if the thing goes back down again but what I would like to see is a permanent but slow increase in years to come. So right now, the figures shown on coinmarketcap may not mean anything for now.

Well IF we're really going up from here, it's not a question whether we can take the $250 barrier, but rather $260 (which is a long term resistance) and subsequently the $300 barrier, which is even more important. From there on I think we will get a rally to at least $350 and then a consistent uptrend.

$250 would be a nice one psychologically, but yeah after that last fun run a few months back got so close to $300, that will be the exciting one to watch.

Yeah, but I don't think it's much of a psychological barrier, actually. Especially not with all those interesting and important support and resistance lines right in the neighborhood. It's far more important to watch the long term resistance line from December 2013, which could actually be broken this time.

I see it more retracting, and this is only a temp rise.

But, this is just what I seen from the past, and of course this is all speculative no one can really anticipate every or any price movement.

I think it's important to watch the current short-term support lines, as well. It remains to be seen whether we've just broken them or bounced off of them, while stretching them for a couple of USD. These are my lines I'm watching:
https://i.imgur.com/UALclqz.png

Nah, I'm still bullish! There are just too many things different this time around that would 'legitimize' a trend reversal. So many things are starting to turn green again, without us having found another bottom in the mean time, which is quite remarkable!

Not exactly, because you buy and sell bitcoin for FIAT. Then FIAT currencies are extremely importante in the bitcoin ecosystem (but it is normale | 1 bitcoin = 1 bitcoin | independently of the price in FIAT).




If we  see the bitcoin price in a long term that it is obvious the price will be more higher than now, instead if you seen the short term it is only a pump & dump (sell high and buy a few dollars down.

from the many things different as you say, name at least two important differences that indicate a trend reversal. i can't seem to find any.

We can only know what this really is when the whole thing has played out. It's impossible to tell if this is in fact a trend reversal or just a "pump and dump". Why haven't we broken down back at $213?

The squishy (3D MACD) has turned green again. True, it's still only a very small bar, but this has happened without a new deeper low, which is unprecedented since 2013! Also, the SAR is about to flip! More?

Yes of course  ;D.



I do not know, but I can ask you the same thing : why haven't we seen again 1'000 dollars per bitcoin (So I can dump all my bitcoins) http://nodownloadzoneforum.net/public/style_emoticons/default/Asd.gif?

Loads of people are watching to find out if we go below the 237 support line. I expect loads of sells if we go below that line.

It's just a dream. Bitcoin is denying any price uprising attempt since december '13.

Personally, I don't believe it can go any further. It's just a prediction, but I still see it only going down

the same was said, in many other occasions during 2011/2012, then boom the price raised, and no one expected that, the price will remain in down trend until no one will expect it to increase, then it will raise

Well that's not what the trend since December 2013 is "suggesting" or "expecting" to happen. As long as we're in this downtrend, the default direction is - who would have thought that - down. And that "step down"-pattern highly suggested that we went down from $213. It can even still happen now!

It goes down until there are no people willing to sell, anymore. I do actually believe that 2013 really only happened because Gox turned on their Willy bot. I know, people love to hate this theory, but it does make too much sense, actually.

yep, but something extraordinary must happen now to make the boom real.

Most likely to go down, to 220.

The mod should really consider cutting off the IP that is supporting the dronetroll since there is nothing that is gained by having one of the frankensteins w/ a mental illness still allowed to nutcase this place for fun.

im sure if everyone has the same mind to bought bitcoin and just a few want to sell , bitcoin price will pumping over $300 this month

I wish, but the prices refuse to stay above 240 :(