[2017-02-21] BTC-USD Breaks $1100, Fresh All-time High Incoming?

[jholmes91]

Following attainment of our target at $1074.69, BTC-USD has surged even higher, posting a fresh high on February 21 at $1119.00 on the Bitstamp exchange. The market will now tend toward fractal resistance at $1136.72 and attempt a test of the 2017 high at $1139.89...

Read more here:

https://btcmanager.com/btc-usd-breaks-1100-fresh-ath-incoming/

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[Grdas130979]

I agree with the article, everything comes to the 11 march decision about ETF. Maybe many people think that positive news are coming an the price will go to sky. We have 20 days ahead so its not impossible to see All time high

[richardsNY]

I agree with the article, everything comes to the 11 march decision about ETF. Maybe many people think that positive news are coming an the price will go to sky. We have 20 days ahead so its not impossible to see All time high

This ETF translates into a fantastic sentiment as I believe that before we reach the approval date we have already demolished the current ATH. Even if we don't happen to reach a new ATH before the approval date I am already more than happy with how the price has been holding strong above the $1000 level. I am sure that those that haven't been buying and thus are waiting for a massive dump to enter the market, are now getting more angry with the day.

[Arcteryx]

Wasn't the all time high $1164 or was that the false one from the Mt.Gox thing in 2013?

Source from wikipedia:
As the market valuation of the total stock of bitcoins approached US$1 billion, some commentators called bitcoin prices a bubble.In early April 2013, the price per bitcoin dropped from $266 to around $50 and then rose to around $100. Over two weeks starting late June 2013 the price dropped steadily to $70. The price began to recover, peaking once again on 1 October at $140. On 2 October, The Silk Road was seized by the FBI. This seizure caused a flash crash to $110. The price quickly rebounded, returning to $200 several weeks later.The latest run went from $200 on 3 November to $900 on 18 November. bitcoin passed a US$1,000 all-time high on 28 November 2013 at Mt. Gox.

[Papa Bear]

the Ichimoku cloud has just turned green for the first time in BTC-USD's history, suggesting what we are watching unfold in cryptocurrency markets is just the beginning of a long-term uptrend for bitcoin.

[Idrisu]

the Ichimoku cloud has just turned green for the first time in BTC-USD's history, suggesting what we are watching unfold in cryptocurrency markets is just the beginning of a long-term uptrend for bitcoin.

like you said " this is just the beginning of a long-term uptrend for bitcoin" when I see price break through $1100 yesterday my hopes was lifted up and hope $1136 resistance will be broken and a New support form at that level. The ETF may not have much impact again as the anticipation will move the market up or than before the 11-3-2017.

[Slow death]

I agree with the article, everything comes to the 11 march decision about ETF. Maybe many people think that positive news are coming an the price will go to sky. We have 20 days ahead so its not impossible to see All time high

It will be a real river of tears if the March 11 decision is not good.


We will see from here until March 11 how everything will be

[Carlton Banks]

Wasn't the all time high $1164 or was that the false one from the Mt.Gox thing in 2013?

It depends on your position as to how valid the Gox price was. It legitimately reached 1226 IMO, as fiat withdrawals were still operational up to that price, but a story (that is completely unsubstantiated) that Gox was using software bots was entirely responsible for that price has been heavily popularised in the media and forums (and I remember seeing comments such as "Gox pumping bots alone were the cause of every price above $100").

[LLec]

Wasn't the all time high $1164 or was that the false one from the Mt.Gox thing in 2013?

It depends on your position as to how valid the Gox price was. It legitimately reached 1226 IMO, as fiat withdrawals were still operational up to that price, but a story (that is completely unsubstantiated) that Gox was using software bots was entirely responsible for that price has been heavily popularised in the media and forums (and I remember seeing comments such as "Gox pumping bots alone were the cause of every price above $100").

Nice of you to explain it fully so to have us who were late to game know all about with the different claims of what the actual REAL ATH really was.
I think choosing to make it easier to understand to the one's whom are a little bit of needing a visual cue card of what that looks like.

 

$2017 here we gooo++ :-D