Some power is like holding bitcoin price on 900 usd?

[uki]

Well maybe right now, some whale is holding bitcoin as it is now and profiting from it. 12 hours from now, there are two possible outcomes we can see. A pump or a very big dump. That we will see depending on the movements that will happen in the next few hours, either way all of bitcoin holders will be happy either way so let's wait and see.

Dump already happened, but the question at this point is whether or not it will tank deeper. I just hope we can maintain the $800 level in the coming days even though we went below it already. Panic sellers will either come to sense and stop behaving like an empty headed chicken, or they will continue the dumping part where it may even trigger a good load of stop loss orders. Solid holders don't really care about these kind of fluctuations as their vision is pointed at the real long term.

The right way to think about it is to hope that more people panic and bring it below $800 or lower. That will be another good buying opportunity for us. Bitcoin is not done yet. It still has many markets to penetrate and make them efficient. A Trillion market capitalization is unavoidable.

I also agree with this view, and I will even call it optimistic. In my opinion we will explore the sub $800 area in a not too distant future, as soon as the panic is induced in the news, e.g., be it hack of an exchange or something similar we already seen in the past. It is same old game, with same old players, beheaded chickens included.

[1714127365]

1714127365

[ASHLIUSZ]

same thing is happening right now...

it is called resistance and as long as it is there price will stay up and then starts going up. and this resistance is from the buy orders that traders who sold on $940 recently is forming, they want to buy back again at $900 or lower to make profit by their short positions.

The resistance in the price continues, if the traders who try to make profit even with the current price without holding their bitcoins long for a increase. No power holds the price to sustain around $900, the difference or increase from the current price tag keeps counting when the market gets increased circulation with stabilization in the economical situation of countries using bitcoins efficiently.

[Babayega31]

same thing is happening right now...

it is called resistance and as long as it is there price will stay up and then starts going up. and this resistance is from the buy orders that traders who sold on $940 recently is forming, they want to buy back again at $900 or lower to make profit by their short positions.

The resistance in the price continues, if the traders who try to make profit even with the current price without holding their bitcoins long for a increase. No power holds the price to sustain around $900, the difference or increase from the current price tag keeps counting when the market gets increased circulation with stabilization in the economical situation of countries using bitcoins efficiently.

Yes exactly the price resistance really continued and holding doesn't really matter and they also make profit without waiting so long. It really have no impact to price hitting at 900$ because some traders use their personal btc purchased from other users and gained profit even price is at normal trend, so it made circulation increased at stable situation of country's efficient btc participation.

[manselr]

same thing is happening right now...

it is called resistance and as long as it is there price will stay up and then starts going up. and this resistance is from the buy orders that traders who sold on $940 recently is forming, they want to buy back again at $900 or lower to make profit by their short positions.

The resistance in the price continues, if the traders who try to make profit even with the current price without holding their bitcoins long for a increase. No power holds the price to sustain around $900, the difference or increase from the current price tag keeps counting when the market gets increased circulation with stabilization in the economical situation of countries using bitcoins efficiently.

We can never know if there is a big group of whales keeping the price at a certain range... it is a possibility, but it falls a bit in the realm of conspiracy theory. I would not be able to claim that I know for a fact it is or not happening, we can only ride the waves as small traders.

[uki]

same thing is happening right now...

it is called resistance and as long as it is there price will stay up and then starts going up. and this resistance is from the buy orders that traders who sold on $940 recently is forming, they want to buy back again at $900 or lower to make profit by their short positions.

The resistance in the price continues, if the traders who try to make profit even with the current price without holding their bitcoins long for a increase. No power holds the price to sustain around $900, the difference or increase from the current price tag keeps counting when the market gets increased circulation with stabilization in the economical situation of countries using bitcoins efficiently.

We can never know if there is a big group of whales keeping the price at a certain range... it is a possibility, but it falls a bit in the realm of conspiracy theory. I would not be able to claim that I know for a fact it is or not happening, we can only ride the waves as small traders.

we can't say it for sure, but if you look at the past charts there are some evident signs of painting them. You cannot explain everything by the fundamentals, as there was not much change in the fundamentals in, say last six months.

[cakravothy]

iam still hold my bitcoin
iam selling bitcoin price in level price 1100 dollar, and buyback again in level price 800 dollar
this now iam hold bitcoin, target bitcoin price in selling 1000 dollar

[Rahar02]

It moves around 890-900 for weeks! I mean not 832 or 954. Just fixed at 900?
Is it just me thinking like that?

After big whales cashed out their bitcoins, the price drop back to $700 but it's already recover to $900.
It's still better than last year as we started at the current price. They didn't buy back as much as they sold it.
Maybe waiting for others to pump it in order to get bitcoin spread widely than only them holding so much.
However, the current fluctuate is better than rally to $1000 so fast, but users sell and the price fall down again.

[chaser15]

It moves around 890-900 for weeks! I mean not 832 or 954. Just fixed at 900?
Is it just me thinking like that?

If we applied that today, January 27 (since your post is January 10), it just the same principle and just a normal movement of price. Nothing new here since majority of  buy and sell rates must be set closely to that price range you have mentioned. By looking at yesterday price, it was playing in the range of $20-$30, increase and decrease and continously moving the way like that today.

And I  can't see any $890-$900 price that stays for weeks prior to the time you have posted this.

[jaberwock]

the power holding the price in the same level is called the free market and the chinese holidays vacancy, so right now there is no reason for a change in price right now with no news and stuff, also probably the chinese players took a break from trading, also not enough people to make a change in the price, for now

[marcoman22]

Yes, its around $900 range for almost few days.Due to situations which happened in china after PBOC action, price started falling and most of bitcoin holders got panic and started selling their bitcoins.That led to price fall to even $750. But there is still demand for bitcoin among new investors. I think their buying power has stopped bitcoin not to fall below $900. Also chinese holders who sold out in panic are trying to rebuy their holdings.it might also be a reason.

[Farma]

well, I guess, it's because bitcoin prices were stable. This also occurred when the price remains at $ 400 more. I guess this is a regular thing, after prices rose to a high bitcoin. Well, prepare yourself with the possibility that bitcoin prices will fall back, or climb back. because it always happens when the price has long been stable.

[BrewMaster]

Yes, its around $900 range for almost few days.Due to situations which happened in china after PBOC action, price started falling and most of bitcoin holders got panic and started selling their bitcoins.That led to price fall to even $750. But there is still demand for bitcoin among new investors. I think their buying power has stopped bitcoin not to fall below $900. Also chinese holders who sold out in panic are trying to rebuy their holdings.it might also be a reason.

the China situation is getting too old and worn out and it happened during the fall from $1100+ price and continued a while until all the weak hands were flushed out. and the fall was mostly because of many panic sources not just China, it was the panic of China, PBoC, the fact that 1100+ happened once and fell, the bubbles,... FUD,...
and now whales are accumulating more happily that they ever been.

[BillyBobZorton]

It moves around 890-900 for weeks! I mean not 832 or 954. Just fixed at 900?
Is it just me thinking like that?

After big whales cashed out their bitcoins, the price drop back to $700 but it's already recover to $900.
It's still better than last year as we started at the current price. They didn't buy back as much as they sold it.
Maybe waiting for others to pump it in order to get bitcoin spread widely than only them holding so much.
However, the current fluctuate is better than rally to $1000 so fast, but users sell and the price fall down again.

The price has naturally stabilized, it's not a work of whales. We have found an interesting support where the doubters are scared to get in but also scared to wait and see it go beyond 1000$.

Everyone with a brain should know sub 1000$ bitcoin is extremely cheap, but laggards will always realize of their mistake of not buying when it's too late.

Buying every sub XXXX BTC possible is a must in 2017.