Big Rally In Progress!

[CoinCidental]

We just hit a new 24 hour high with solid momentum and are getting much closer to the monthly high.
Big Rally In Progress!
How much higher can we go?

24 hour high does not tell us anything. We have many 24 hour high before, the price dropped from $1200 to $200.

What happened your old account?
You made a new account just to post negative comments lol

[gkv9]

It's a great thing if a big rally is in progress...
Records are meant to be broken, not just this rally, but let's hope to see $1.2k records broken and let's go ahead higher and higher...

[Bit_Happy]

24 hour high does not tell us anything...

Yes it does: The 24 hour high tells us the max value in the last 24 hours. 

Trading has short, medium, and long-term time frames. The 24 hour high can tell us a lot about short to medium-term direction, and even better...
People who question (or laugh at) technical analysis have a point, the result of "chart reading" can be terrible. The all-time #1 trading tip, imo, is:
False technical signals can sometimes/often lead to huge moves in the opposite direction, since 'the market' is caught by surprise, even many traders who frequently make money.

[OzbigG]

In Australian Dollars it's $650 at the moment which seems huge. I'm still waiting for it to come crashing back down but it keeps going up.

[zimmah]

It has been about two years since the last real bubble, many people either never experienced one or forgot how those times were.   

It going to be fun next year when we hit one or even two bubbles.

[ThunderThomas]

My best guess is $500 before or somewhere around Christmas.
Bitcoins has been balancing around $460 - $470 for a couple of hours now. $500 doesn't seem impossible at this point.

[nonbody]

It seems the sentiment is positive to Bitcoin's price. It should depend on how large of the capital is injected into bitcoin. The more, the higher the price will be pushed to. Every one is expecting that.

[dothebeats]

We still got a few weeks to touch 500 before the year ends. Til then we can say that the overall market sentiment is appreciating and therefore demand would also increase. It's quite happy to think that the coins I bought for sub 200 are now worth double than it was before. There are things to be thnakful for and 2015 is just one of those.

[Lanatsa]

It seems the sentiment is positive to Bitcoin's price. It should depend on how large of the capital is injected into bitcoin. The more, the higher the price will be pushed to. Every one is expecting that.

The price has not moved much in the last month also. So it means the capital injection is just enough to cover the revenue of miners.

[maokoto]

yeah, price has clearly stabilized on a higher number, with some ups and downs, but always far above the numbers that were normal in the beginning of 2014. It is likely to become stable above the 450$ mark in some weeks or perhaps a couple of months.

[Lanatsa]

yeah, price has clearly stabilized on a higher number, with some ups and downs, but always far above the numbers that were normal in the beginning of 2014. It is likely to become stable above the 450$ mark in some weeks or perhaps a couple of months.

I agree with that. The price is not too bad for the last two months. It is preparing for the next push to $500 in the next quarter.