[2016-03-21]Bitcoin Price Watch; 412 Long, 400 Short

[Blawpaw]

Bitcoin Price Watch; 412 Long, 400 Short

At the end of last week, we noted that much of the action over the last couple of months, i.e. the big moves that have shifted our fundamental bias, have come at the weekend. More specifically, during the Sunday session. This seems counterintuitive – in the more traditional asset markets Sunday is generally a closed out day – but the majority of exchanges in the crypto space operate non stop, so that we would get a bit of volatility ahead of the Asian open on a fresh week makes sense. The weekend just...

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[coinzat]

the bitcoin price was kind of stable last week as it only moved between 400 :420 without any strong or volatility movements. it seems that the price will stay in the range between 400 and 450 for a long period before seeing higher levels

[hendra147]

the bitcoin price was kind of stable last week as it only moved between 400 :420 without any strong or volatility movements. it seems that the price will stay in the range between 400 and 450 for a long period before seeing higher levels

i think this is time of accumulation, we will see bitcoin price move up fast. the red bull will come afted block halving don. maybe we will reach $1000

[1Referee]

the bitcoin price was kind of stable last week as it only moved between 400 :420 without any strong or volatility movements. it seems that the price will stay in the range between 400 and 450 for a long period before seeing higher levels

Some people may find it annoying that the price doesn't go up higher, but they don't understand that there is currently more supply than demand. If you take that into consideration, then you'll see that keeping the price at todays price levels isn't that bad actually.