Poll: Will the price of Bitcoin revisit the prior bottom at $166?

[Bobsurplus]

We are still in a bear market and I see no solid reasons to indicate otherwise. $166 is not very far away.

We've chopped around in the $200s for quite some time though, extra resistance has been created vs when we first went below the $200s. Also more time has passed, we could be in a bull market just as easy.

Nahh man.. This is still a bear market. We failed at $300 time and time again, failed at breaking the $315 which may have indicated a bull market... Since we hit $305 we have been making lower highs and lower lows... This is clearly still a bear market and $160 is not that far off like Enjorlas.

We have a few more levels of support left but most have been broken...$282 $265-70 $250 $230 is next and I expect it to go some time today or tomorrow.. After that $210-15ish will be the next support, and if that fails its gonna trigger a freefall mode and $166 aint even a support so who knows where it may land..

In the mean time Im shorting btc and hoping to make some serious money doing so!

[samson]

$166 is no magic number, if it falls that far it could easily fall lower.

People will trade this making money along the way all the way down to the eventual bottom wherever that is.

Getting the fiat out after selling is a completely different matter. I just wonder which exchange will go bust next.

[deisik]

We are still in a bear market and I see no solid reasons to indicate otherwise. $166 is not very far away.

We've chopped around in the $200s for quite some time though, extra resistance has been created vs when we first went below the $200s. Also more time has passed, we could be in a bull market just as easy.

Nahh man.. This is still a bear market. We failed at $300 time and time again, failed at breaking the $315 which may have indicated a bull market... Since we hit $305 we have been making lower highs and lower lows... This is clearly still a bear market and $160 is not that far off like Enjorlas.

We have a few more levels of support left but most have been broken...$282 $265-70 $250 $230 is next and I expect it to go some time today or tomorrow.. After that $210-15ish will be the next support, and if that fails its gonna trigger a freefall mode and $166 aint even a support so who knows where it may land..

In the mean time Im shorting btc and hoping to make some serious money doing so!

Surely, I'm not the first to say this, but lower price may actually contribute to bitcoin wider acceptance throughout, given its limited supply (it is not the same as some fiat depreciating through excessive money printing)...

[Frost]

I think we will see double digits very soon.

[srgkrgkj]

I think we will see double digits very soon.

Double Digits !! Thats a bit pessimistic, considering current market volatility is nothing new ....

[3x2]

it can go below 200 easily but i hope it wont.

[minerpumpkin]

No, I don't think there's any reasonable chance we'll see those prices. Even in 2011 people were waiting for coins trading below $1, and it never materialised! Things are looking more and more sideway-ish each day. The bears just need to buy the trend-reversal and this downwards market is done!

[Eastwind]

it can go below 200 easily but i hope it wont.

It might go below $200 briefly. It will come back.