Bitcoin Price Analysis - 03/03/2016

[buysellbitcoin]

Hi bitcoiners

We are seeing some decline in bitcoin price



However, we are still optimistic about the potential of an upside break, and that this pullback could lead the price scale new highs!

Do share your views on bitcoin price trend and what are your levels for best trades!

Happy trading!

Regards
Mahin

[deadley]

Actually this decline come because of strengthening of Indian Rupees. It was 69.1 3-4 days ago now it's around 67.4 so we saw around 2.5-3% strength in rupees just because of that we saw this dropped in price.

I am still expecting price will touch again 440$ soon.

[dashingriddler]

Actually this decline come because of strengthening of Indian Rupees. It was 69.1 3-4 days ago now it's around 67.4 so we saw around 2.5-3% strength in rupees just because of that we saw this dropped in price.

I am still expecting price will touch again 440$ soon.

Agreed. But even in USD there is a decline. I am thinking that increased interest in ETH is playing some role here.

[deadley]

Actually this decline come because of strengthening of Indian Rupees. It was 69.1 3-4 days ago now it's around 67.4 so we saw around 2.5-3% strength in rupees just because of that we saw this dropped in price.

I am still expecting price will touch again 440$ soon.

Agreed. But even in USD there is a decline. I am thinking that increased interest in ETH is playing some role here.

Yes but that decline is not that much. It's normal volatility in usd case.

[polynesia]

It seems to be down substantially now. 
You have a double effect - weakening of bitcoin combined with strengthening of the rupee. 

[dashingriddler]

Strengthening of rupee is about 1.5% so major contribution is due to drop of btc price itself obviously

[Notieboie]

Few more weeks to breakout the channel and then the pump starts imo.
interesting time ahead.

I say we will touch 500$ in next 30 days.

[Harikrishna]

 I don't have much knowledge about trading.... But i expect the value of BTC will increase to $450.BTCBTCBTC

[bitcoinisfurture]

How does the price look for April end?

[btcdevil]

How does the price look for April end?

if everything goes right the price will be above $450 + if their is no bad news.

[deadley]

You guys forgetting one thing. If Bitcoin ever become mainline currency in this world then it must be stabilize. Volatile curreny never be accepted by general public.

[noormcs5]

How does the price look for April end?

if everything goes right the price will be above $450 + if their is no bad news.

The price is around 420 to 430 $. Its keep up and down for last one moth,

[dashingriddler]

Boring price trends since a month. Hoping some action to kick in

[techguy]

Boring price trends since a month. Hoping some action to kick in

Wait until - 12 Jul 2016 06:51:28  to see real action

[dashingriddler]

Boring price trends since a month. Hoping some action to kick in

Wait until - 12 Jul 2016 06:51:28  to see real action

I personally do not believe in this rate doubling theory because of block reward halving. This is a known fact and its effect will be there all the way - it wont kick in all of a sudden when the block reward becomes half of what it is now.

Regards

[techguy]

Boring price trends since a month. Hoping some action to kick in

Wait until - 12 Jul 2016 06:51:28  to see real action

I personally do not believe in this rate doubling theory because of block reward halving. This is a known fact and its effect will be there all the way - it wont kick in all of a sudden when the block reward becomes half of what it is now.

Regards

I am not saying that it will double, but surely mainstream Media will pickup the news which will definitely pump up the price !!

[buysellbitcoin]

"Madness is like gravity...all it takes is a little push.”

- Joker, The Dark Knight

Regards
Mahin
Zebpay

[CounterEntropy]

"Madness is like gravity...all it takes is a little push.”

...and this news might give that little push

Lightning Network Should Be Ready This Summer

[BitcoinsGreat]

In 3 months time, prices will be double because of halving.

[soyab0007]

eagerly waiting for that halving