Bitcoin Forum

After 2 months, bitcoin price increases from $25 to $92 on 28th of March 2013 and makes Bitcoin Market Cap total of $1,001,691,445. Since the release of first ASIC bitcoin miner by Avalon, the difficulty also rises from 2.5million to 6.6 million. The current difficulty level, you can make ฿0.0031 per hour or ฿0.075 per day with a 1 GHash/s bitcoin miner excluding power and depreciation cost.

After the break through our cited bitcoin chart resistance between 48 – 50 %, bitcoin prices rallied as expected and the value of bitcoins increased again a massive +55% – in just one more week. This is another example of  a forecast that materialized.

As one an person at stocktwits said it, bitcoin is like the Swiss Franc. With all the Euro crisis, the US debt and global debt increases, unlimited. With unbelievable central bank money printing, people are getting more and more the unique value of bitcoins as store of value and flee from their eroding local currencies into bitcoins.

But based on the technical evidence of the bitcoin charts patterns, this may only be the beginning.

While there can and will be always corrections along the way, BTCUSD are in the major wave III up which has much more upside and even 1000 $ per bitcoin is not impossible.

http://www.bitcoinrumors.com/2013/03/28/bitcoin-technical-and-bitcoin-market-analysis-march-25th-2013/

http://www.bitcoinrumors.com/2013/03/28/bitcoin-market-capitalization-hits-1-billion-today/

$1000 per bitcoin with 11 million bitcoins would mean a 11 billion dollar market cap; that's still just a drop in the bucket.