Bitcoin Forum

When do you hope the btc to cross over 600 mark?

It will probably cross in next 2 days max.

Today, in less than 12 hours.

There's a good chance that we cross it tonight, but if we can sustain those levels yet remains to be seen...

It's about to cross 600 now  :o

Now? Its been 12hours since the price has been like this, the btc goes up to 590 then comes back to 560 again, this has happened so many times

Yeah, that's exactly why I said that I thought we'd be able to cross $600, but was unsure if we are ready to sustain that level yet..

banks open monday, money should be flowing and i bet we will cross 600 soon

very soon

Banks don't open in the US Monday. National holiday (Memorial Day)

Yet another reason to use bitcoin.

Bank holidays.... Seriously, it's my money, let me spend if when I want it. Oh wait, you mean to tell me it's not my money? That's right, the money at your bank is your bank's money, not yours.

What do you mean banks dont open? People cannot access their money in this time?

842 coins left to 600 on stamp.

By Wednesday it will cross $600

Today, 26th May @ 22:15 UTC

Now,now,don't be too greedy. It was barely $400 a month ago. It's slowly finding it's way up,give it some time.  ;D


Lol,that's extremely specific.  ::)

Maybe that's when he will launch his market buy for 10,000 BTC?

American's off today, tomorrow.

I think we'll cross $600 before the end of today, probably take a few days for btc-e to hit $600 though. They always seem to lag behind the other exchanges in terms of price.

I think we'll see prices over $600 today, and if not today then I would be surprised if we are still under $600 all day tomorrow.

I'll say In next 2days for sure..! then the question should be changed to 650$ instantly..!

Isn't $630 the important point?

haha.. Sir it is indeed a imp point..! but for a week or so ATM same goes for 650 though the challenge up ahead is going pass 700 that gonna be huge..!

Sorry, but willy bot is broken and bitcoin pump is stopped.  :)

Soon, next few weeks, over the coming months, significantly higher,  much lower etc etc all well and good if all you care about is never being wrong.

God forbid anyone was ever wrong on the internet! If you bought and are holding, it doesn't really matter when :)

I think people should stop pussy footing around and throw some darts ;)

You can use debit and credit cards, and whatever an ATM can do, but most branches are closed and isn't considered a business day for stuff like wires and ACH. With Saturday and Sunday, too, there's a fair chance a significant chunk of new US money coming out of banks for buying the trend will clump up mid-late this week.

3 hrs from now!

Yup banks close in the weekend, at night and on "special" days. Stock markets close in the weekend, at night and on "special" days. Bitcoin is open 24/7.

We could breach $605 easily by next 24hrs.

Anyone reckon we'll see a correction to $560 range first?

Nope

In The Netherlands, its not almost 1:30 at night.
I think when I wake up around 11-12 during the day I will see it above 600$ when i open coinmarketcap!
I hope we will see 700$ anyway tommorow everyone can see it goes up after a while of bad news.
So I dont think we will see a price drop again any time soon, but that's just my opinion.

Thanks  :D   Yeah don't think we will either.

I dont know but next mini rally will take us to 650-700... probably next friday- saturday, then it will hold a little to ending at 800...

At that point we need some real good news or something in the bitcoin world to take us to over 1000, but it will happen im sure.

I think it is very plausible that we cross $600, maybe even $605 within the next 24 hours, but we will probably settle back down around the $585-$590 range for a little bit of time...

i have been sticking with the theory that it is going to poke above 600 "very shortly" and i've been feeling that way since last night. i'm gonna keep sticking with it until we actually go down....

first week of June,, I hope  ;D

An additional ~3000BTC would take us there. Not sure if that is case that we'll drop back to $585 range as $600+ strong resistance.

I'm actually hoping for the opposite taking us to $560 first, but don't think it will happen.

Well we're pretty close bud, so I think you'll hit your mark @$600  :)

Showing my age but RockDude you should listen to this awesome track as it explains how btc is going to behave

This mid sized % retractions I dont see them really happening ALL of the time as hope

https://www.youtube.com/watch?v=UtKADQnjQmc

Most likely by the end of this week, its been a few good days for btc.

I thought we would cross $600 today, but I think I am going to retract that.   There seems to be a lot of resistance at the $585 level that we keep bouncing above and below.   I hope that am proven wrong though :)

i think we are just consolidating and it could still be very bullish. if you look at the last leg up before this one, we could similarly fall 15 points or so from here and then have another big run up past $600, in my opinion.

In the next couple hours

YES HOPE IT

Today is a good day for +600

1% grow is missing

Day after tomorrow we will hit $600+

hmm, huobi seems to want to cross under 3600. i wonder if 580 level will hold on the western exchanges. does China want bitcoin to correct? will bitstamp follow? stay tuned.

heads-up dudes, mini dump going off atm!

Natural correction or news related?


Went down to $572 on BStamp - Do you think we could be heading $550ward?

Was sure we were going to sail past $600 too  :)

Looks to me like 600 is the new 500... we seem to be struggling to break through.

Here's the reason why:

http://www.cryptocoinsnews.com/news/bitcoin-technical-analysis-price-reversal-due/2014/05/27



Bitcoin Technical Analysis reveals that the uptrend is about to reverse from current levels. An exuberant breakout has fizzled out and lost critical momentum. Last week’s article warned of a bull trap in the making. If the ensuing downturn is merely a correction, advance may return with a vengeance, but if large market players again fail to participate, matters look different.
Takeaway

Traders and investors should brace themselves for a strong price reversal. The advance is losing momentum. Indicators signal overbought conditions and declining volume speaks of a lack of wider participation. Price will reverse from current levels around $600 and may retrace at least 50% of the advance to $520. The notion of complete retracement and resumption of the decline remains alive.
Comparison with Previous Advance

The Bitstamp Daily chart shows price action since March 2012. The powerful advance that began in October is supported by comparable behavior of the momentum indicator, MACD, at the bottom of the chart. On each successive higher high indicated by MACD, price can be seen making an equivalent higher high. This synchronized action between price and indicator clears the way for advance and the outcome is evident in the November all time high.

On the right of the chart, the current advance can be seen making a local high, but it is still a lower high in comparison to some of the peaks formed during the decline. However, according to the momentum indicator, price has risen to the equivalent of a MACD peak in January – but price is nowhere near this peak on the actual chart. This phenomenon is called “reverse divergence” (or “hidden divergence“) and is annotated by the red lines connecting the apparent higher highs.


As is ordinarily the case, trade volume has steadily declined during the course of the downtrend from the November high. What is not “ordinary” is the fact that a supposed “breakout” has advanced on record low volume. Notice how the first surge of the advance in October 2012 was accompanied by higher volume than the current advance – and that during a time when Bitcoin adoption and participation was at lower levels than the penetration achieved today.

Lack of volume during (and following) a breakout implies that participation in the move is not wide. Either a few players with large holdings had moved the market, or many smaller pockets had thrown their holdings at the exchanges while the large players sat on their hands. You don’t need a degree in cryptography to see which scenario had been the case.
Bitstamp Targets

Looking at the price charts across all exchanges, Bitstamp and BTC-e, strangely, exhibit unclear charts. BTCChina and Bitfinex charts more clearly show price in an ending diagonal at the present stage of trend.

As the 4 hourly chart below illustrates, Bitcoin price is approaching yet another descending trendline (red) – and this one may prove to be the advance’s nemesis. Regular Divergence is indicated by the two pink lines on the chart and the accompanying MACD indicator (bottom). Although regular divergence can compound multiple times, the occurrence of this divergence in tandem with a reverse divergence signal on the daily chart is an alarm bell.


Readers will notice that the Elliott Wave count has the current advance as price going “up in a correction“. Should this turn out to be the case, then the same downside targets apply as stated in previous articles.

Should the advance prove to be real – and having started with a three wave structure  (label A from $340) for good reason, then we can expect a decline to at least 50% of the recent wave up. The primary target is at $520. That would conceivably print wave 2 (or part thereof) before further advance. However, a market bottom in wave E at $270 remains the preferred target.

http://www.cryptocoinsnews.com/wp-content/uploads/2014/05/Bitstamp_Daily_TA_27May2014.png

http://www.cryptocoinsnews.com/wp-content/uploads/2014/05/Bitstamp_H4_27May2014.png

This dude reckons we will retrace back to $520 wft!!

You guys agree?

Funny that the writer had this article fully prepared, as soon as 900BTC dumped on BStamp he published on site

Here are some no bull-shit charts:
https://i.imgur.com/mhVvBZy.png

https://i.imgur.com/7ypaF2T.png

We are in a bull market now.

 ;D  Cheers bud, prefer your 2nd chart!

I'm not smart enough to do TA, but that guy seems to right a lot of the time, for some reason?

Hope he is wrong for once and it's just a mini correction, then rapid breach to $650 range

Well the first one is not actually mine - I just think it needs to be shown more.

And both charts support each other - we have broken the down trend and the underlying long-term trend is on track to take us to the moon

I'm down with that - to the moon brother  8)

Though that reporter seems to be scarily right - so his predicted $520 range might happen first

Won't get to $600 until couple of weeks time I guess.

Os bancos nos EUA abrem hoje, ontem era feriado.. em 36h U$600+


Banks are open in USA... 36h for U$600+

There seems to be a lot of resistance at that 600 level. That seems to be the key to truly turning this market around. So who will be buying btc when the price hits 595? anyone?

curious how a tiny 10,000 btc volume can tell the price of the rest 12+ millions  :D

I wonder what would be the volume of localbitcoins.. and other offline or local methods of trading.

This is how market caps work. They aren't a very accurate price for either buying or selling all outstanding units.

Oh and it's 21M not 12M (I know you mean the mined Bitcoins but don't discriminate between a mined and not-yet-mined Bitcoin please)

 ;D   Nice one Mr YIPYIP!     Remember the track when I was a kid    Yazz lol

Perfect 80's Bitcoin anthem - Will Hold On large offline stack for sure.


Everyone's got own style - but you are a TA guru in my book - wtf's going on with LTC? Remember you saying you had 60-65% holdings in LTC, the price % used to track BTC very closely but hasn't seemed to rise? (yet :)  )

Here is an article that talks about breaking the $600 level and also a comparison to gold

http://msvsc03-g653nc.uv.netbenefit.com/market-analysis/files/2014/05/Bitcoin-gold-yields-May-28.jpg

http://www.cityindex.co.uk/market-analysis/market-news/29846792014/bitcoin-regains-600-gold-below-1250/

this is also why bitcoin can easily skyrocket beyond even our wildest speculations. At some point only a handful of bitcoins will be sold because everyone realizes their value. So maybe less than 0.1% of all bitcoins will be traded on exchanges and the value of all bitcoins will be extremely high because there's such a shortage.

Good upload, cheers Keith  8)

I'm a geo, used to work several gold projects - market defo took massive hit last year+ from up's ~$1800/troyOz

Our Au standard is debatable, personally would like to see it rise again, so that I can do some more exploration work. But I do think BTC is Gold 2.0

It's at $617 now at preev

http://i60.tinypic.com/246rw9s.png

And I sold some of mine at $560 I thought it would be coming down but it went up and I think it will cross $700 soon.

excellent finding ! congrats keithers !

The next question is when will bitcoin cross $700?

I predict we will wait one week from today to break the $700 wall.
It's growing too fast, it has to stabilize a bit before going up again, but I wrote the same thing when we were at 580$...