Bitcoin Price Discussion/Analysis – 11/5/15

[srgkrgkj]

http://themerkle.com/speculation/bitcoin-price-discussionanalysis-11515/
Bitcoin has been in a bullish uptrend over the past few days with a clear and strong defining trend set by the positive markets. Many reasons have been attributed to the current rise but the fact that china has unofficial recognized the validity and use of Bitcoin, has been the one main reason behind the current price increase. As bitcoin has risen to over 100% in just a mater of weeks many believe this may be a price range destined for the short term but with current price graphs and investors telling a different story lets look at the current state of Bitcoin markets.

[Morecoin Freeman]

I was afraid this topic was by another generic spam account because of your username.

I am not convinced that the main reason behind the price increase was China unofficial recognizing the validity and use of Bitcoin.
A lot of traders on OKCoin and Huobi are not even Chinese. More likely this rally was driven by the exact same people as before, because I do not believe we had significant adoption among new people.

[azguard]

i dont know
maybe price was pushed maybe its not but now we will go 300 or lower to stabilize then we will see
lost of coin were drawn on the market and lot are drop out