Bitcoin Forum

A terrific wave surged higher during the past two days and reached $249 (Bitfinex) before dropping almost $10 in a sell-off. The current intention of the market is uncertain – apparently to the market, too – as price hangs in an awkward zone between continued advance and a return to the lower consolidation area.

FULL ANALYSIS: https://www.cryptocoinsnews.com/bitcoin-price-drop-249/

the market has been unsure for quite a long time. can't really see this change any time soon. even when it does breach the $250 barrier a dump will bring it back down to where it was.

Well the price was at $180 two months ago. Since then it has rised by more than 30% to around $245. It is a significant uptrend. I am positive in Bitcoin's future price development.

It's been between $200 and $250 for most of this year. Excursions outside that range were brief. Activity within that range is mostly noise.

2013 - Wow!
2014 - Aargh!
2015 - Meh.

Raise Form $239!

I forsee..

2016 - meh
2017 - meh
2018/2019 - HOLY SHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHIT how could of any thought BTC would go to zero.

Haha, this describes us so much.

2013 it was more like WOW, I`m going to buy a house now! And invite people who doubted what bitcoin can do, fastforward to 2015, you dont want to come around your friends to save the embarrassment.

But going back to topic, the price movement isnt something you should always be focused on, I`d focus on more towards building on a referral network. Or build your own system to create more bitcoin, cause the price will go up and down last 2 months ago it was around the $200 range.

Bitcoin price is still in an obvious downtrend

https://bitcoinnewsmagazine.com/wp-content/uploads/2015/05/bearmarket1.png

Weekly close over $300 could signal end of the bear market or we could easily see $100 level tested IMO.

there is no reason for the price to go below $200 and there also is no reason at the moment for the price to go over $300 it will just bounce in between these levels.

The war wil be indeed fought in between the 100 to 300 range. Trying to stimate where it will go is extremely difficult, so I take it as a 50/50, which is a pretty good scenareo for me since i actually hope it goes as low as 100, just more cheaper btc for me.

Take a look at DanV (https://www.tradingview.com/u/DanV/) EW analysis on TradingView. His take on corrective wave C ending at $90-$120 is well thought out. If the prediction pans out not only would you be able to buy cheap coins but since 8 wave cycle would be complete you could cheer for new highs in 2016.

That is a time when you can buy lots of bitcoins before the next rally starts and that price becomes an interesting

the market is still screaming "short! all the time", the bearish trend is still there apparently, just less present

we fell a little again, but the price seems higher because the usd lost some power it seems

Bitcoin will rally when nobody wants to own bitcoin anymore and we are truly blood in the streets.

Makes absolutely no sense for a market maker to just mindlessly pump money into a system when everybody is expecting price to go up.

that. and whales know most people already bought in and are waiting for the price to go up. pumping bitcoin now is like destroying capital.

I always thought it was never a problem in the first place. Well we saw it climb fro 180 to 240 so that clearly tells you essentially there is the demand right? The only thing that outweighs and slow down its progress is the supply factor. Hopefully the pressure is less once halving took place.

Exactly, this is totally it. It will be like the last bubble cycle where people thought meeeeeh, this thing is stuck, it will never happen again. But then everyone got caught while relaxing on no-coiner land as they already sold since they lost hope.