What's after 366.66?

[eGuru]

So I'm thinking that the 366.66 support has now become resistance...

Where do we go now? Do we hit the 300 emotional or do we go back to the August days of the 240-275? Or do we bust through that resistance? Just getting a feel from everyone.

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[Amph]

who know, i can only hope that 300 is rock solid at this point

above 230 every other walls, does not look 100% dump-proof, it rised too fast so a dump was expected

[OmegaStarScream]

We can't blame anyone on this one , because it's our fault (bitcoin community) .
People simply wanted to make some quick profit instead of waiting more to make huge profits and they started selling once the price reached 400$ so this is normal IMO.

[Mickeyb]

I guess that you were wrong OP. We have gone as low as $350 on Bitfinex during the night. I am actually quite disappointed by the dump, but maybe my expectations were just too high, I don't know.

I guess that even a floor at $350 is still great considering the price we were having throughout the whole 2015.

[1Referee]

The recent rally could be purely greed driven. That might explain why the price is tanking right now. It's just a guess. I'm sure once we come closer to the block halving, we'll see the price go up even higher than the $500 we have seen a few days ago. A nice opportunity to scoop up extra coins. Especially if it goes down even more.

[zby]

Maybe this:



http://bitcoincharts.com/charts/bitstampUSD#rg60zczsg2013-11-17zeg2013-11-21ztgSzm1g10zm2g25zv ?

[amiryaqot]

Well as i think price is more stable over $300 where it was in last month around $250 so it is just beginning it is too early to take decision it will take some time to get stable price over $300 and than it will be over $350-$400 during this month.

[zimmah]

We haven't dropped below $350 even once since breaking it on our way up.

I predicted a few days ago that $350 would be either a strong resistance line that would take a while to break or a strong support.

Turns out I was right (so far at least).

Maybe it will test $350 a few more times, but i'm pretty sure we will resume bull mode soon.

[Raimonn]

Bitcoin price needs to stabilize and wil be a good point if its does it near 400$. Bitcoin price growed more than 50% in less than one month.