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.
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
