Have we left $220-240 for good?

[Nahl]

yes for the moment and i hope so
but we never know what happened to the bitcoin price in the future it could be back to $220 or less

[mdgreasyjohn]

240 would be a rock solid floor if in case a crash happens. Tests like this could be done to see how would the market react. I have a feeling that once the top is in, a decrease towards 240 will happen before another run, this time it will continue to last until the halving.

i totally agree . the eu helped but it will need more recognizing by others

[randy8777]

240 would be a rock solid floor if in case a crash happens. Tests like this could be done to see how would the market react. I have a feeling that once the top is in, a decrease towards 240 will happen before another run, this time it will continue to last until the halving.

i totally agree . the eu helped but it will need more recognizing by others

in what way did the eu help? the price advance is purely due to people buying coins to hold at least untill the block halving.

[Guido]

surprised we are 50/50 on vote

voted yes

[mirana12345]

240 is still not really "a thing of the past", so i wouldn't be surprised if we test bottom support at those levels again, but doubt there would be many
sellers, now that we are reaching 300 and over, many so far idle lurkers are stepping back into the game and investing speculatively.
Voted no, because like i said, the chances of retracement are slim at best.

[jt byte]

Update the thread to $300 now, it is very near only few dollars left.
Bitstamp showed $298, but who knows it can be dumped again the price to $250
I think that now the price is pumped and soon will be back to the normal price.

[spazzdla]

Update the thread to $300 now, it is very near only few dollars left.
Bitstamp showed $298, but who knows it can be dumped again the price to $250
I think that now the price is pumped and soon will be back to the normal price.

no...

220-240 has been a solid range for over a year.  I really see us going back.  The halving is to far off.

[disclaimer201]

The answer is a definite YES. Say goodbye to 220-240. We just hit 330-350 (on huobi) and even if we fall again, nowhere near to 220 are to be expected.

[bitgolden]

The answer is a definite YES. Say goodbye to 220-240. We just hit 330-350 (on huobi) and even if we fall again, nowhere near to 220 are to be expected.

Yes, again seeing $220 levels are not possible for bitcoin prices with respect to current market scenario. All the above the halving itself will end the price range of #220 levels. But luckily we get though that levels well in advance itself.

[dothebeats]

I think yes, even with retraces we still won't reach $220 ever again. I just hope that this continues pushing forwards with strength. China is crazy for pulling such a stunt!

[crazyivan]

I think yes, even with retraces we still won't reach $220 ever again. I just hope that this continues pushing forwards with strength. China is crazy for pulling such a stunt!

Yes, this is my main concern as well. China tends to reverse big time and this growth is a bit faster then I expected. Also it came sooner, much sooner then I expected.

[coinplus]

I think yes, even with retraces we still won't reach $220 ever again. I just hope that this continues pushing forwards with strength. China is crazy for pulling such a stunt!

Yes China is having a big hand with the recent price rally. I guess it would be good thing for bitcoin community for long term purposes when we considering the halving in few months going to happen. Like me many people has missed the buying price of $220 levels for more bitcoins.

[dothebeats]

I think yes, even with retraces we still won't reach $220 ever again. I just hope that this continues pushing forwards with strength. China is crazy for pulling such a stunt!

Yes, this is my main concern as well. China tends to reverse big time and this growth is a bit faster then I expected. Also it came sooner, much sooner then I expected.

I'm thinking that the bear market for almost two years is over and most bug bulls have finally come up with a decent stash. Right now is the time they'll push this through the roof. I feel sorry for the weak hands who left the scene at $500 levels that never bought back in cheaper prices if they found out that we are in a big push right now.

[NorrisK]

We'll need to see what the new bottom will become, but I do beleive it will not be 220-240 range.

260-280 is my expectation for new bottom after a correction with teasing around 300 range before a full on bull run commences (unless we got lucky, and it is allready running mad).