Bitcoin Forum

If I'm not mistaken, bitcoin price has hit $300 (well almost, +/-) for at least 3 times in the last 4 months and from this trend, I'm pretty sure $300 is the firm support level. That means if price were to go anything below that, bitcoiners will not hesitate to buy and grab all of it to push it up again. From your perspective or point of view, do you guys think it's going to happen again? and if this yo-yo price rebound does maintain, it's a good opportunity to make money from trading.

It looks pretty stable around 300-ish. I bought too :)

You can surely make some profit by trading like this, but there are times when one should hodl and stay low :D
Unless you can afford to lose.

it look pretty stable yeah, a good opportunity to buy, a strong basis for sure at 300

There is so much fiat waiting to be invested around the $300 level, that most large traders don't bother to sell it down to below $300.

I think most people at this point are waiting to see what's going to happen.

^ Exactly... anything in the 300 range is considered a buy right now

$300 is a strong support threshold and a lot of traders will not hestitate to buy. It is the holiday season, so rebound may be sluggish. Buyers could find it difficult to wire money into the exchanges.

The old level was at 400 for a few days. But not after about a month, 
300 does seem to be a strong support level.

Yes, 300$ it's a very strong support level, I guessed in the past days that btc price would be dropped from 320$ to 250$ very easily and instead it resists over 300$ !

A while back someone set up a huge sell wall at 300, it was eaten up pretty fast. Most people who day trade btc remember that and so consider 300 a super strong support. Some big whale may come along and dump enough to drop below 300, but it will bounce back real fast.

Last time 400 seemed to be the strong support level.

300 can be broken too, and if it happens to be broken, then there will be no known stop until 2013 levels.

Seems like a great buying opportunity before the rise of 2015. The next halving is approaching in a couple years as well. We should see a run up before that as well.

ive been buying coins back every week for the past 5-6 weeks :) definitely agree 300 is a strong support point

yeah strong support in range price 300-310, and now slowly but sure price will up

Yup, to produce one bitcoin is about $300 now (at least for me). So I don' think it is going down below $300, because people can always stop mining and buy bitcoin with the expected electricity charges.

I bought 200 BTC between 300$-315$. And will not sell them before they reach 2k$ each.

Over 3 months stuck at a range between 300 & 400... we are now are the bottom of the range right before the great 2015 pump

BUY NOW OR CRY LATER  :-*

The great pump of 2015 ::)

I know you'll remember I said that!  :-* :-* :-*

Actually I remember when you said the panic selling was an endless cycle  :D

It may also point to the opposite, that its retesting 300 again and again means sell pressure is too high and that may eventually break. I think it may as the rally this week has not happened.

You are right. Anytime the price has gotten close to 300 it has quickly and strongly rebounded to the mid 300's and generally reach the high 300's until starting to fall back down towards 300 again.

It appears that bitcoin is stuck in a price range between 300 and 400. I would speculate that it will move sharply in the direction of which it breaks through either support/resisance level first