Bitcoin Forum

Ok, my feeling is we need to go over 350, to break the down trend clearly.

Putting this here for future reference.

Idk, I think we will see some resistance, 50$ more is a HUGE increase, I would say a month before we reach this point.

I think if bitcoin prices stay at this 300 and +/- 10$ for couple of weeks and later move to 350 range then I feel it can survive that level but if it moves without consolidating at this 300 level then 305+ range may not survive for long. But current trend looks like moving up direction :)

Completely agree, but i think this rally is temporary not the big one....maybe to 5 or 600 but them back down to 3s

yes. may be 290 - 340 it may stable.

The downtrend has been clearly broken since early May. We are currently in an ascending channel, resistance for this channel is at around 340. If there is a substantial break of this resistance expect the resistance to then become support. See following chart.

http://imgur.com/1ttIBzh

I would say that we are currently in a consolidation period, if we get a substantial break of 340 that could be the end of the consolidation and beginning of a new uptrend. Just have to wait and see.

I think that the next target of $350 can be reached.
And i think very soon because of this trend that is happening now.
In few weeks i wish we will talk again for $350 - $400.

We'll, we are coming from 250, we've just 321 on Bitfinex, it can be done. And once it triggers the panic buyers, it will be really easy. Don't trust all those orders, they can change in seconds. The market is psychological, and everyone fears not having good seats when the Bitcoin train starts leaving the 3 figure station for life.

Think again. We managed to get at $300 from $270 within some weeks only. We might get there fast but I think it wouldn't be sustainable from there.

Yes that is looking possible i also think we will hit $350 before end of current month as like it is going higher and higher so it seems we will see this very soon.

Check finex gentlemen. Less than 3000 coins until we reach $350. China building a solid floor at $320. Never been this hyped in btc! :D Everyone seemed to be bullish, idk why.

I really would like to know what is going on in china.
The HK kidnapping was and is not the reason for that.
There must be something else.Many rumors are around regarding china.

My take is that people there are investing their assets into bitcoin so as to avoid the imoending capital controls just in case shit happens within an instant. Also, could be a new Willy bot manipulating the markets and rigging orders just like what happened in 2013, but the former is more plausible for me.

It's probably not just one thing, it's a combination of many factors, credit card companies and big banks jumping into BTC, China capital controls looming, the Chinese government blessing the use of BTC, the EU's VAT tax decision, the upcoming auction and the fact its the 2 year anniversary of the mega pump. It's like a perfect recipe for another rise.

Hit 330$ at last week then down to 310 in next week...

We just hit $350 on houbi.

350 on huobi  ;D

ok....so I suppose 350 on BTCe as the low water mark?
 (I am conservative)

Touched down $350 at huobi and still kicking butt! Come on, US exchanges, follow up slowpokes!

Ok BTCe just hit 351, so I will call it down trend broken (inmho)....not that I don't expect to see a 2/3rds retrace at some point.