Next target: 260-270

[pooya87]

260 just got broken. 270 by the weekend dip

I think that by the weekend it would not be much a difference.
Because deposits/banks does not work at weekends and may stuck the price at what it is today.
I think that by the end of month bitcoin price will reach at least $280 which is $20 difference from the price at the moment.

i agree. this and also there always have been a small dump after price goes up.
so i guess due to decline, price is going to stop and fall back a little at weekend and start going up again next week. but we have to see how much more it can go up until the final hours.

[Fontas Returns]

260 just got broken. 270 by the weekend dip

Hope it will stay around $255-265 for a few weeks, no more than $270 to consolidate.

Doubtful. I expect a reversal to below 250 by next week. Today and tomorrow are the time to unload and take profit. I wouldn't be surprised if huobi goes to 280 equivalent, but I don't think any other exchanges will go over 280 in the short term(next 2 weeks). I will be surprised if btce even hits 270 this week but wouldn't completely rule it out. Sell now, buy back in at the sub 250 range. It's playing out how I expected from reading the charts, I haven't really seen much to change my forecast. We're overbought enough that I don't think we can push much higher without a downward correction happening first.

[Hyena]

Doubtful. I expect a reversal to below 250 by next week. Today and tomorrow are the time to unload and take profit. I wouldn't be surprised if huobi goes to 280 equivalent, but I don't think any other exchanges will go over 280 in the short term(next 2 weeks). I will be surprised if btce even hits 270 this week but wouldn't completely rule it out. Sell now, buy back in at the sub 250 range. It's playing out how I expected from reading the charts, I haven't really seen much to change my forecast. We're overbought enough that I don't think we can push much higher without a downward correction happening first.

nah, it's heading for the 400$

[ajrah]

260 just got broken. 270 by the weekend dip

Hope it will stay around $255-265 for a few weeks, no more than $270 to consolidate.

Doubtful. I expect a reversal to below 250 by next week. Today and tomorrow are the time to unload and take profit. I wouldn't be surprised if huobi goes to 280 equivalent, but I don't think any other exchanges will go over 280 in the short term(next 2 weeks). I will be surprised if btce even hits 270 this week but wouldn't completely rule it out. Sell now, buy back in at the sub 250 range. It's playing out how I expected from reading the charts, I haven't really seen much to change my forecast. We're overbought enough that I don't think we can push much higher without a downward correction happening first.

I too have doubts that it's heading to 260-270 but I think this will not last and we are just being led to believe that it's going for the 300 by next week.

[RyNinDaCleM]

Looks like it's on the rise. I expect 260-270 as the peak of this rise.

Highly doubtful imo. I'd love you to be right but I can't see anything that makes this prediction likely.

A retest of lost support off the January bottom is plausible.


This is actually the first time I am (sort of) agreeing with this smelly sock.

update!

[Dafar]

http://www.coindesk.com/bitcoin-price-breaks-260-to-hit-two-month-high/

Bobby Lee, CEO of Chinese exchange BTCC, told CoinDesk his platform has seen a significant volume increase, though he dismissed much of his competitors' volume as "artificial".
Those behind the volume, he said, are not traders but consumers sucked into a Russian ponzi scheme, MMM

Anyone know if there's a connection bitcoin and MMM, or any ponzi scheme led by Sergei Mavrodi in Russia? I couldn't find anything

[--Encrypted--]

well look at that. OP got it right. I also believe that the price will dip again soon. not because I believe in OP but because that's where I expected the price to be by the end of this month.

[hasiramasenju]

the target has been reached and a little bit more to $270
perhaps we shall change the title become "Next target: 280-290"

[Scream]

the target has been reached and a little bit more to $270
perhaps we shall change the title become "Next target: 280-290"

if you ceck chinese market
https://bitcoinwisdom.com/markets/huobi/btccny

now price ~$280

[Oscilson]

the target has been reached and a little bit more to $270
perhaps we shall change the title become "Next target: 280-290"

The price will consolidate around $260 for the next month.

[newcripto]

Yeah price is about to break the 270 USD/BTC in couple of days and there can be some small correction in price by next week.I will say overall this upward trend will keep continue and we will see 300 USD/BTC by the end of this year.

[anthonycamp]

speculation its that will hit 280 this november and fall into deceber to 200 again cause russia gas and christmas coming

[harizen]

Still optimistic that $270 mark will reached again.

Hope no worst scenario will happen that will make a big impact of price becoming low.

Right now Im glad with current movement of bitcoin price. Im not hoping for $300 mark at the end of year but if possible then much better.

All the positive speculation now are the same like those speculatons of reaching $300 before the XT drama. Hope this time it can penetrate.

[lexuz]

speculation its that will hit 280 this november and fall into deceber to 200 again cause russia gas and christmas coming

This month we will reach 280 maybe more than 280 and my predict november bitcoin price will dumb and pump again in the december

[Denker]

Yeah price is about to break the 270 USD/BTC in couple of days and there can be some small correction in price by next week.I will say overall this upward trend will keep continue and we will see 300 USD/BTC by the end of this year.

Bitcoin being worth $300 at the end of the year would be something I can live with. $300 is a psychological border as we have reached two times already this year but failed to stay there.Maybe with the third try at thend of this year we will have luck and finally break it.

[Raimonn]

Reached 270 very fast, now we need to see if its pure speculation, or there is new money buying bitcoins, and it could go up to 300$ level.

[spazzdla]

Back to 220-240!

[abonarea]

As OP expected to see Bitcoin at about 270 $ and we successfully reached to this target.I think there will be some small drop in price over the couple of days and then again trading movements in price.What I think this time the minimum floor will be around 250$ and it will not reach to 230 $ again.

[randy8777]

As OP expected to see Bitcoin at about 270 $ and we successfully reached to this target.I think there will be some small drop in price over the couple of days and then again trading movements in price.What I think this time the minimum floor will be around 250$ and it will not reach to 230 $ again.

it's normal to see people take profits at some point after the price advanced to higher levels. i hope it will stay above $250.

[edric]

Looks like it's on the rise. I expect 260-270 as the peak of this rise.

Thank you for sharing your fountain of whale knowledge!  Can you tell us what to do now?  Is there going to be a selloff or will it stay above 250 for awhile?