Bitcoin price remain Tranquilly as price remains a little above $820

[Idrisu]

Currently, bitcoin price $860 as the range between $818 and $860 continued since the beginning of the week. This is unconnected with the last week discussion between people bank of china and btcc, okcoin and other blockchainer. The uncertainty from the fell out from the meeting between the pboc and blockchainer drive between price from 1088 dollars to $750 and since the the trading has been in range. Russian is try to adopt blockchain in to their banking services, according to central bank of Russian.

[Kakmakr]

What do you want us to comment on? If the Chinese visit had anything to do with this tranquility or not? I should think that they most definitely had something to do with the massive drop in the price. The Russian government is too unpredictable to base any prediction on their stance towards Bitcoin. The one day, they ban it, and the next week they welcome it. 

This thread should be moved to https://bitcointalk.org/index.php?board=57.0

[deadsilent]

Its better this way than declining of price. I've been watching its price three days ago. And so far its more stable. The recent days its failing really badly. So im glad we are back again to $820+ and getting stabilize. But im still positive that it will pump again. But for now i dont see any significant sign that it will pump today. Maybe on some other day

[mainpmf]

Wrooooooooong!

The stable period was just to get rid of small balls...
Now it the time.
Time for what?
Time for fucking traaaaaaaain!!!!
Tranquility can be claimed in btc only after 2 weeks of stagnation. Less than that it's a mere pause before going to the mooooooon!

[aarturka]

it was artificial dump organized by whales to buy bitcoin on lower lever. Bitcoin will soar shortly

[pooya87]

the only two reasons why price of bitcoin is like this in these days is that there was a fast rise to $1100+ which was obviously and logically unsustainable and had to be corrected and it was coupled with FUD like always and weak hands started to panic and created an unstable market swinging the price around.

nothing new with bitcoin. we have to flush weak hands out to take bitcoins they have bought out of their hands for a cheaper price.

[olushakes]

it was artificial dump organized by whales to buy bitcoin on lower lever. Bitcoin will soar shortly

If this is how everybody thinks then the panic we witnessed some weeks back wouldn't have happen but all the same I had maintained that the fall is not drastic and only a set back from my own point of view because I had seen a lot of unnecessary articles on the subject matter and even some predicting the fall will be permanent but I am happy the price is picking up again.

[SONG GEET]

If you look out, price have already started another run and we may see $900+ easily by end of today. Yes the PBOC fud have created a great panic among other traders and chinese traders booked nice profit selling at peak and buying cheap at $750.

[BlackPanda]

yes now bitcoin prices begin to rise and continue to rise. This of course is a good news for the users of bitcoin.
bitcoin prices today should be maintained, not to panic sell again going to make bitcoin prices plummeted.

[Red-Apple]

i don't think tranquil is a correct word for describing the current situation of bitcoin price. things are pretty interesting these days, we are witnessing the power of bitcoin (the buy support behind it) which shows people are too interested to get in.
and also we are witnessing the whales accumulating once again at cheap prices.

[densuj]

The area resistent is above $820/BTC if the price break up until $900/BTC i will buy new bitcoins or i will sell my altcoins, because bitcoin's price will be increase and looking for new area resistent, but if bitcoin's price break out until $650/BTC i will not buy new bitcoins and stay on altcoins, because bitcoin's price will going down and looking for support area, so right now i will wait and see stay on trading altcoins.

[Herbert2020]

Currently, bitcoin price $860 as the range between $818 and $860 continued since the beginning of the week. This is unconnected with the last week discussion between people bank of china and btcc, okcoin and other blockchainer. The uncertainty from the fell out from the meeting between the pboc and blockchainer drive between price from 1088 dollars to $750 and since the the trading has been in range. Russian is try to adopt blockchain in to their banking services, according to central bank of Russian.

you are saying too many different things in one comment and i am having a hard time fully understanding it!
the drop from 1088 (correct number was $1166) to $750 was because of correction and it was a coincidence when the PBOC thing in China happened.
and it has already recovered from it pretty nicely.

and Russia or any other country that is talking about "blockchain" in their banking system is irrelevant to bitcoin.

[amacar2]

News about PBOC tightening chinese trading platform now may be limit chinese trading platform from pumping trading volume with fake orders.
Now market may need few more days/weeks to get out of this panic which i think have already started today.

We may soon see another price surge this week.