Do you still trust this rally?

[Cryptology]

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

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[sandiman]

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

No fucking way 

[Assmaster2000]

Not out of steam, OP, just coiling, like a cobra. Getting ready to strike

[richardsNY]

There are still around 36 days before we see the block halving takes place. I think it will remain at the prices $560-$595 till we are only 5 or 6 days away from the halving. We need a bit more patience.

[Yogafan00000]

Some whale in China will decide to take profits, make a large sale, and trigger the dump.  No one knows which trade causes this, not even the whale.

It might be 6 months, or it might be 6 minutes.

I doubt this rally makes it to $900 USD.

[Xiaoxiao]

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

I can concur with this statement evidenced by the decrease in volume and decrease in acceleration in comparison to 5/26 during the start of the rally.

[The Sceptical Chymist]

It is what it is.  I agree that some Chinese whale could crash this, but I think there's just too much hype about the halving.  I think we'll see $600 soon.  It's crazy, I wasn't expecting this.

[sandiman]

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

I can concur with this statement evidenced by the decrease in volume and decrease in acceleration in comparison to 5/26 during the start of the rally.

That's very healthy ! A rally on little volume is really probably a bear trap. There we've got the first leg on good volume showing strong buying pressure and then a consolidation on lower volume which is really normal.

[mrhelpful]

Just be happy we even have a rally to start with lol.

But it would be insightful on where these new orders are coming from if this was ever possible.

If hits $900 next year, that would start a momentum for new buyers.

[Ted E. Bare]

I trust the block reward halving. That's enough information for me to hold on to my coins.

[zimmah]

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

unable to break $600 so we drop back to $400?

i fail to see the logic in that.

Just because we can't break $600 today doesn't mean we break through support.

It would be surprising if we even drop below $560, we won't get anywhere near $400, not even $499

[Yakamoto]

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

unable to break $600 so we drop back to $400?

i fail to see the logic in that.

Just because we can't break $600 today doesn't mean we break through support.

It would be surprising if we even drop below $560, we won't get anywhere near $400, not even $499

Definitely not dropping back to $400s lol. I think in the worst case scenario we'd be seeing low $500s if there was a massive dump, but a smart whale wouldn't force the price down like that. Just slowly leak the coins into the market...

But $560 seems like a more reasonable wall, so I think you have the far better analysis.

[wakhidNkcom]

I trust. rally go to $3000 before pop.

[MatTheCat]

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

The pumpers have stopped pumping for sure, for now at least, and no trader worth his salt is gonna go long Bitcoin right here, after such a parabolic move with so many technical reasons to be hunting reversals as opposed to continuations and actually, if a trader who worked for a financial institution went long Bitcoin right now, they would be putting their job on the line......so that leaves 'the public'.

I seriously doubt a pullback to $400 range anytime soon. $540(ish) would be a logical support level.

I doubt the pump is done quite yet, but I also doubt the exorbitant targets that are frequently touted on this place.

[gentlemand]

Definitely not dropping back to $400s lol. I think in the worst case scenario we'd be seeing low $500s if there was a massive dump, but a smart whale wouldn't force the price down like that. Just slowly leak the coins into the market...

Why not? It's only been over 500 for a very short period of time. People seem to have some short memories.

[1Referee]

Just relax. The price has gone up considerably in the recent weeks. Let the market and the traders have some time to take a breathe and calm down.

[Sukovsky]

Some people's patience

[Chef Ramsay]

No fool's gold on this train, folks. We're on our way to salvation.

[korila]

haha BTC sky rocketing!!

It's going to da moon,

and those who shorting will lose all money~

[BitcoinAshley]

Teasing $590 again and you really think the rally is losing its steam? Lol, just be patient. 

Go long & HODL strong and you will learn the ways of teh bitcoin...