[2016-09-04]Bitcoin Price Above $600

[WishICanTurnBackTime]

Bitcoin price was drawing close to its 4hr candle chart 200-period moving average (200MA). A surpise break above this level opened advance yesterday.

https://www.cryptocoinsnews.com/bitcoin-price-600/

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[susila_bai]

Dont know what is the reason but i also saw that the price is jumping above $600 btc rate but it is not getting stable so i think it will take more time to get the rate stable above $600.

[richardsNY]

Dont know what is the reason but i also saw that the price is jumping above $600 btc rate but it is not getting stable so i think it will take more time to get the rate stable above $600.

It doesn't really matter what the reason for this price jump is. The important thing is that we are moving upwards. I hope the $600 price point will be maintained in the coming days. But for that to happen the buy support must get stronger because a relatively small dump will push the price below $600 again.

[Makurika]

Dont know what is the reason but i also saw that the price is jumping above $600 btc rate but it is not getting stable so i think it will take more time to get the rate stable above $600.

It doesn't really matter what the reason for this price jump is. The important thing is that we are moving upwards. I hope the $600 price point will be maintained in the coming days. But for that to happen the buy support must get stronger because a relatively small dump will push the price below $600 again.

I think the reason for the price rise is the acceptance of the SegWit by the market as a tool for block size increase.

[coinzat]

it is nice to see the price recovering and pass $600 again after it went down because of the bitfinex hack which dumped the price. last month. I hope this will be a start for new up trend

[Coin-Keeper]

I am always deeply torn over this issue.  I jump for joy because the coins I already control have gone up in value!  On the other hand I am looking to buy more and that makes them more expensive.

[Makurika]

I am always deeply torn over this issue.  I jump for joy because the coins I already control have gone up in value!  On the other hand I am looking to buy more and that makes them more expensive.

I have the same dilemma. I mainly want the bitcoin price to stay low so that I have enough time to buy more.

[digital_sucrose]

Yesterday I saw the price at $610, right now it is at $598. Is this kind of fluctuation normal? $12 is a 24h period?