Bitcoin Forum

finally after a week nice to see it climb back to 240$..

Any signs of trend change?

Well it looks like a breakout.

Maybe a daily uptrend and tomorrow well see red again.

i think we are in a stall phase, don't hope to much for a rise now, but we won't see a decline either, not a big one at least

$235

no, doesn't seem it would go up much more than $235. I personally think it will fall back to $215 again. Just wait for weekend to over.

Yes but a small one so it could up or crash back down. It feels more likely to go up at this time.

Still going up. 235 is probably this weeks highest. lets hope it keeps going.

Longterm trendline at ±255, there should be resistance. Then, the 315 of the last run must be broken. Then, moon

The highest today was 238 , took a small reversal right after. But did a rereversal and back to 238 now :)

The only thing I worry about is that it might be facing some stiff resistance that could easily bring it down again to where it was. But anyway, anything is still possible at this stage and it's just too early to tell.

It's a typical p&d, a whale wanker is jerking you around. It'll come back down to 210 before tomorrow.

HAHAHAHAHAHA!!

Here we go i hope you are strapped in because we are heading back to $350 then the moon!

This is a shuttle ride to the moon then beyond enjoy the ride ladys and gents

A fast trip to $350 means a short squeeze with nothing underneath it but an air pocket. I'll short that in a heartbeat. A SLOW trip to $350 is a different story.

Is there any corresponding "good news" to follow with this? If not, I think this bullish rise will slowly trend back down again :p

Sub 200 by Monday. Sub 170 by Wednesday.

Sub 30 by December.

That be interesting xD

I have put my seat belt on for the moon ride so many times!

But I will strap up again I guess!!!

Prediction, or do you have facts to support this claim?

9% increase could stay for some time, but remember how that also means new 72k USD that must be pumped into bitcoin daily in adition to 800k USD that were on 220$/btc.
I dont see this going too far, just aliitle up and down ride to shake down some profits.
This is not breaking bull, and its just a matter of time when this situation is going to calm down.

Care to wager?

Expecting a correction downward, but hopefully not below $235. 

I think it'll go back to normal levels. Too fast to be stable or organic, it might even go be low the 220s for a little bit.

Wow two smart people!

Pause @~240 as traders, who got sucked into long positions at the top of the previous range, are getting out at break even. I could see it going past $300 definitively this time around.

There is NO, as in zero, zilch, nada, good news that's behind the current rise. This is a classic PUMP & DUMP scheme, don't be left behind holding the bag. Sell while you can. It's going right back down to 200.

Haha no I was upset when I saw it was up 8% this morning. All of my funds are offering liquidity for trade swaps in Bitfinex and can't take a short/long position :p

it goes up it goes down.  omg panic and dirty knickers.

A good news rally is likely to unwind in a bear market since it likely consists of trader money trying to catch a wave.  Esp. In BTC where it takes a week+ to set up to buy.  We saw this several times last few months.   OTOH a good volume no news rally is more likely to consist of investment time frame purchasing.  Of course 3600 coins per day could still take the wind out.

in the past once btc prce go above 300$ as per that price

may be btc price will go up again

see the live btc price

http://preev.com/

btc price must be pause at 230$ per btc

The only accurate statement in this entire thread.

-B-

You jinxed it. It took a reversal at 251. lets hope it goes up again