Bitcoin Forum

What the minimum price will we see next couple of months?
Post your opinion.

$618,47

$450 on Gox for this correction. We haven't seen the real top of this 'bubble' yet imo.

618,4134145131241231312313

~$600 we're at the bottom.

We've already hit the bottom at $500... this is just the beginning of a huge rally. After that... maybe $1000 will be the bottom? I'm not sure yet... depends on how big this rally is. We'll see..

502.6212

i think that was the correction, and now we are just going to fill the gap so to speak

whether that happens in the next 48hours on the back of the senate meeting, or more slowly over the next six months as people settle into the new price bracket, we shall see.

One thing I think is fairly certain, is that now the US has pretty much said everything is cool, the doors are wide open for the VC's and institutional investors with serious money to start dipping their toe in the water.

Yeah, but Gox doesn't really count these days for any currency outwith the Japanese Yen.....unless waiting up to 6 weeks for your money and only being allowed to funnel out $1000 per 24 hours is your idea of a good place to have your capital. Gox is trades with at least a 20% premium on Bitstamp for a good reason.

We all know that already, I just had to pick an exchange for which to call a bottom. Gox price is somewhere in between Bitstamp and BTCChina so that's why I chose it. Anyway as it looks now $502 may have been the bottom for this correction on Gox, some may say it's a dead cat bounce but we all know how that turned out during the last couple of corrections. :P

All of the options are for turbobears :(.

$300+

Very likely to happen today again. But I feel increased demand in next weeks because of Senate hearing, so no lower bottom

you wanna call a new one up?

400-500.... much lower on BTCE :D

I'm a cruising bear wanna hear my side of the story?

cruising bear? yes i do

Alright, zooming out Bitcoin has entered the stage of shorter periods of tops/and bottoms. The short time period between the april spike and the current ATH leads to this conclusion. This means two things: Even more frequent and higher spikes which differ by lower and lower magnitudes. This "mother of bitcoin bubbles" won't happen for about a year but I don't think it can be avoided. Hardline Bitcoiners believe the price of Bitcoins will stabilize on some high plateau after that.
I rather think that we will see somewhat of an anti-bubble after that, that means increasingly longer periods with lower bottoms for over a year.

data set seems lacking

455.50 is the L5 Fibonacci retrace for the "long" rally we've been on since November 1.

212.00 is the L6. Hopefully we don't see that low of a number anytime soon.

The duration of the bottom is part of the data and already indicates we are nearing this stage, once the next top is in I may be able to make an estimation of when it should happen.

i'm calling my bottom but it's not picking up

Hopefully $400+
Lower would be scary...

1200 is the new support

I think you spelled "resistance" wrong.