Bitcoin Forum

We hovered around 400 for a few days then shot up to 450 on 9.23.2014 and now we are back to 400 within a couple days.  If that big injection had not happened on 9.23 would we be around 350 or even lower?

I know this is impossible to say for sure but I want perspective from those who try to quantify/model supply and demands affect on price.

It was lower $360.

I believe $400 is and was the current low support so going below will trigger buys.
Hopefully more people will buy :)

Somewhere between 392 and 400... exactly where we are right now.

My sentiments precisely. There is a lot of money sitting on the sidelines waiting to pounce.. It may pounce in a minute or may pounce in a month..All i am going on is the recent influx of funds into the exchange i use.

By the way, it may drift down to 350 320 but when they pounce it will go nucluar north of 500 fast. (my opinion only)

Same place! While the magnitude and duration was unknown, the move was still expected

I'm still buying and hodling cheap coins at 390 and below if it drifts any further.

Don't think that it will fall any further unless we see bad news that results in mass dumping... the support levels are relatively resilient.

Once again, as Franky1 has stated in other threads, this is "satoshi dust" and it's not a true market valuation.. just a good opportunity to line the pockets before the prices realize true value.

Superstition is unlikely to be unhelpful for price analysis.

If you hadn't stepped over that crack on the sidewalk, would bitcoin have survived?  :P

I think we are near the bottom. most of the volatility left is to the upside. I call the bottom at bitcoin bouncing at around $350, but I am already all-in

bottom is 392 or thereabouts

I dont think so, most people won't sell below $400 so thats why it is hovering that level.

Who knows if and when it will stop falling, but at this point we're all stuck in it, waiting to go up to sell, which make the price dump again when it happens :)

That huge buy shows there are whales waiting to enter the game. The lower it goes, the bigger the buy from potential whales that want get in will be. For them, it's ideal that the price goes low. We'll recover, its a long way to go.

See some of the older discussions on "walls". Exchanges often show huge buy or sell orders a short distance from the current price. But when the price moves, so do those "walls".

Sure it wasn't just a classic bear market short squeeze?

Certainly looked like it to me.

No lower than $341