$400 will not survive the weekend

[lexuz]

after seeing price on the charts today, i guess price on the position positive way. i mean price up a little but not much and dumping still can happened

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[uki]

it's the opposite, we are going toward 500 once again, but none is expecting it, keep believing on sub 400, like they were believing about sub 400, when the price was floating all the time around 230

For now it looks like the first test of the support zone $350-$400 was passed and we rebounded. However, I wouldn't rule out sub-$400 prices again in the beginning of January. I agree that market goes usually in the opposite direction the majority thinks, but this time there is not yet enough fuel to go towards $500. Not yet.

[a7mos]

Maybe the price will test the support level 400 again this weekend. But it will not break down. The overall trend is up and I'm sure 2016 will be a good year for bitcoin

[takingthis4]

of course it will survive the weekend, the price seems to be pretty stable right now as its on 430 and the weekend will be only 2 days

[1Referee]

of course it will survive the weekend, the price seems to be pretty stable right now as its on 430 and the weekend will be only 2 days

The price can go down significantly in a matter of 10 minutes. 2 days doesn't say much. But I also can't see the price go under $400 any time soon.

[boopy265420]

I see price unchanged with few dollars up or down.This is new stable range for Bitcoin.I see this range in context of last year's when it was in similar position 220-235 $ so we should take advantage of these current price as this is gift and chance to grab while this floor is in movements.

[jangloos]

I would say price will successfully survive 400 $.There will not be some significant change and overall 415-430 $ we will see even after this weekend and in coming days.

[oda.krell]

ING Bank

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[uki]

ING Bank

banking service

latest analysis

Much quality. So analysis! Much obliged for sharing this pearl with us humble particulier beleggers.

Straight to the point! Pretty much it sums all up regarding this and similar topics that we have plenty in the speculation section. Usually these topics last just few days, not exceeding 10 pages. The problem is there is another such a topic or two started immediately after this one dies, bringing absolutely nothing into the picture.

[molecular]

The price is barely floating above $400. But for how long? The latest analysis suggests the breakdown to be happening soon.

The lates ANALysis pulled out of your ass?

[Emersonnets]

I think bitcoin will stay around the $400. It's been at a strong $400 for a while now. Bitcoin has ended 2015 on that, I believe that $400 is the new bottom.
I don't think it will reach below $400 anymore.

[pitham1]

Well, $425 has held for the past 6 days now.
So I don't see any reason why it should go below $400 this weekend.
If anything, the price looks like it is going to move up.

[Shiver]

Doing some highly specialised Technical Analysis (I drew a single line through some chart or other), and it suggested that a $350 was within the realms of possibility for a dip, with an $800 possibility or so 2016 year end.

[greBit]

Doing some highly specialised Technical Analysis (I drew a single line through some chart or other), and it suggested that a $350 was within the realms of possibility for a dip, with an $800 possibility or so 2016 year end.

I don't know why but I feels like this is a perfect analysis because value of Bitcoin doubled this and even next year it's gonna double for sure .

[angaper]

I like this stability, because it provides more certainty to potential bitcoin investors. I don't see a price below the $350 level, and it is more likely a gradual rise to $600 in the next months.

[Kevin77]

I like this stability, because it provides more certainty to potential bitcoin investors. I don't see a price below the $350 level, and it is more likely a gradual rise to $600 in the next months.

Yes now a days bitcoin prices are showing good stability and slow price appreciations, which will provide better support for prices to go further. So, there is no possibilities for prices to go down under $400 levels any more.

[molecular]

I like this stability, because it provides more certainty to potential bitcoin investors. I don't see a price below the $350 level, and it is more likely a gradual rise to $600 in the next months.

I would be happy to see this, but I have a feeling volatility is going to be surprisingly high for 2016.

[AtheistAKASaneBrain]

Yeah it's all looking very grim. Let's hope we don't fall below $320 the first week of January already.

Are you serious? No one with a brain thinks it's going to crash at 320 by the first week of January, the general trend is nowhere but UP. Op only has 24 hours left to admit he was wrong and next week we'll nowhere near 320 but higher.

[molecular]

Yeah it's all looking very grim. Let's hope we don't fall below $320 the first week of January already.

Are you serious? No one with a brain thinks it's going to crash at 320 by the first week of January, the general trend is nowhere but UP. Op only has 24 hours left to admit he was wrong and next week we'll nowhere near 320 but higher.

Depends how you count the weeks and hence where he lives. If you have implemented a calendar with week numbers you know determining which is the first week depends on the locale of the user. Where I live, "week 1" is the week (starting with a monday (not on a sunday, because god didn't rest on the first day of the week, but the last)) that includes the first thursday of the year. So now (saturday in my timezone) is still week 52 of the old year. So "week 1" starts monday the 4th and ends sunday, Jan 10th.

[afbitcoins]

There is no analysis. Wheres the charts? Wheres the data? Wheres the argument? Just like last thread from ING Bank   This has NOTHING