[2016-12-23]Bitcoin took $ 895 and does not want to stop

[Alex077]

Bitcoin does not want to stop

A little more than a day ago, Bitcoin took the barrier of 800 $ for 1 BTC, the price does not want to stop. Just a few hours Bitcoin has added $ 60 and does not intend to settle for the achieved success. In some markets, the price has overcome the level of $ 870, while in China, based on the dollar, the price is approaching to $ 900, more that 6000 yuan per Bitcoin. This is a record level since January 2014.

Per many analysts, the mark of $ 800 (~ 5500 yuan) was a very strong resistance level, by which could follow (and followed) the strong spurt. According to the forecasts of adherents of technical analysis, the next resistance level is located in the area of $ 860-865, at which the price came too close...https://bit.news/eng/bitcoin-took-860-not-want-stop/

             

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[richardsNY]

It's fantastic that people are getting happy with the price that is going up nicely, but all is happening too fast. I just hope it won't end in the price being pushed back very deep as is the case usually with these level of bull runs. But I think that's exactly what will be the case when things calm down. In the meantime the train doesn't seem to be losing steam. Enjoy while it lasts.

[InvoKing]

The title of the topic is inaccurate ''Bitcoin took $ 860 and does not want to stop'', better to keep it like it is to avoid misunderstanding
For the psychological barrier of $900 it is already reached and the route is opened directly to break the long waiting $1k
For the glory of BTC

[1Referee]

The title of the topic is inaccurate ''Bitcoin took $ 860 and does not want to stop'', better to keep it like it is to avoid misunderstanding
For the psychological barrier of $900 it is already reached and the route is opened directly to break the long waiting $1k
For the glory of BTC

We have indeed reached the $900 level, but as expected, it is not holding very well since the price jumps over and under that level. Great opportunity for traders, but people will slowly realize that buying at current prices is simply too risky and not that rewarding even when we do happen to come close to the $1000 level. If you look at the profit percentage that you will make when the price hits $1000 again, then it will be just over 10% which I don't find it worth to buy coins for at current levels.

[Papa Bear]

a lot of investments are going into cryptocurrency industry, and many states are interested in the issue of its own digital currency, which inevitably increases the popularity and demand of Bitcoin.

[aso118]

a lot of investments are going into cryptocurrency industry, and many states are interested in the issue of its own digital currency, which inevitably increases the popularity and demand of Bitcoin.

States issuing their own digital currency shouldn't increase the popularity and demand of Bitcoin. If anything, it might make more people aware of Bitcoin. States, however, would look to stifle the growth of Bitcoin.