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Bitcoin Forum > Economy > Economics > Speculation > How did the price go up from $33 to $43 so fast?
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Author Topic: How did the price go up from $33 to $43 so fast?  (Read 961 times)
b!z (OP)
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March 08, 2013, 12:27:41 PM
Last edit: March 08, 2013, 12:43:29 PM by b!z
 #1
W-what happened last week? What did I miss?
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March 08, 2013, 12:54:35 PM
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Much more than that raise: The price peaked at 49, crashed to 35 and rebounded to 45. Then slowly stabilized at 43.

Take a look at this:
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March 08, 2013, 01:31:38 PM
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so, this looks like a symmetrical triangle. right?
http://www.investopedia.com/terms/s/symmetricaltriangle.asp
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March 08, 2013, 01:38:44 PM
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Quote from: mornaner on March 08, 2013, 12:54:35 PM
Much more than that raise: The price peaked at 49, crashed to 35 and rebounded to 45. Then slowly stabilized at 43.

Stabilized at 43?

2011: http://bitcoincharts.com/charts/mtgoxUSD#rg10zig2-hourzczsg2011-06-01zeg2011-06-10ztgSza1gEMAzm1g10za2gEMAzm2g21zi1gMACDzi2gRSI
2013: http://bitcoincharts.com/charts/mtgoxUSD#rg10zig2-hourzczsg2013-02-27zeg2013-03-08ztgSza1gEMAzm1g10za2gEMAzm2g21zi1gMACDzi2gRSI
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March 08, 2013, 01:45:42 PM
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Quote from: elux on March 08, 2013, 01:38:44 PM
Quote from: mornaner on March 08, 2013, 12:54:35 PM
Much more than that raise: The price peaked at 49, crashed to 35 and rebounded to 45. Then slowly stabilized at 43.

Stabilized at 43?

2011: http://bitcoincharts.com/charts/mtgoxUSD#rg10zig2-hourzczsg2011-06-01zeg2011-06-10ztgSza1gEMAzm1g10za2gEMAzm2g21zi1gMACDzi2gRSI
2013: http://bitcoincharts.com/charts/mtgoxUSD#rg10zig2-hourzczsg2013-02-27zeg2013-03-08ztgSza1gEMAzm1g10za2gEMAzm2g21zi1gMACDzi2gRSI

Well, I was talking in terms of a week. That's why I used the term slowly, nothing can happen slowly in a week. I don't know what will happen in the future (although I believe the price will drop).
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