Say bye to Triple Digits

[Schuyler]

If bitcoin could just establish a strong support at $1000, then I would be delighted. Let us see how it can hold because each time the price reaches four digits, there are those who take profit already and sends the price tumbling down to three digits again.

[1715480288]

1715480288

[Amph]

If bitcoin could just establish a strong support at $1000, then I would be delighted. Let us see how it can hold because each time the price reaches four digits, there are those who take profit already and sends the price tumbling down to three digits again.

it reached 1k 3 times already, this is already a definition of a rock solid value in my view at least in this cryptoworld, 1k will be the new bottom soon

but to go very high you need another big pump, otherwise with those slow increase we will need a very long time for 5k-10k

[lumeire]

It's still gonna get rocky from here on. I suppose we should wait for the dust to settle so we can see what the new baseline is.

[BitcoinGirl.Club]

Yes a break through atleast my wallet is starting to carry some weight
Next stop the moon hope whales don't dump their coins to pull down price...

[jakelyson]

A year ago, reaching 1000 is already moon to me. Now that it is here, I think I want more.

It have been steadily above 1000 for  almost a day now. I was waiting for the dump but it never came. Maybe the profit was still too small. It may never go to the moon yet, but we can consider this as our new low.

[European Central Bank]

A year ago, reaching 1000 is already moon to me. Now that it is here, I think I want more.

yeah. the psychology here is so freaking skittish. $5 up it's $50,000 by the summer. $5 down and it's time to hang yourself. people seem to be semi bored at a price level they were dreaming of a few short months back.

[BrewMaster]

A year ago, reaching 1000 is already moon to me. Now that it is here, I think I want more.

It have been steadily above 1000 for  almost a day now. I was waiting for the dump but it never came. Maybe the profit was still too small. It may never go to the moon yet, but we can consider this as our new low.

even a year ago i wasn't calling $1000 moon.
from the start when i came to know bitcoin , i knew that bitcoin price is going to very high values.
even $1000 is still too little and too far from the real potential of this coin.

many say $10,000 but i don't like that speculation much. instead i do believe in a 4 to $5000 price.

[LFC_Bitcoin]

I'd like to see $1,000 as a new support level, I'd love to never again see sub $1,000 but I fear we probably will.

[richardsNY]

It's pointless to assume we will not see three figure prices again. It has been proven that the $1000 level is far from a stable price to settle at. Maybe that due to the actions against leverage trading in China we'll see the volatility decline quite a bit, but it's still Bitcoin that we're talking about. Who on earth expected the price to dive below $200 (it went to sub $160) in 2015 after it peaked at around $1160. It's a decline of around $1000!

[BillyBobZorton]

It's pointless to assume we will not see three figure prices again. It has been proven that the $1000 level is far from a stable price to settle at. Maybe that due to the actions against leverage trading in China we'll see the volatility decline quite a bit, but it's still Bitcoin that we're talking about. Who on earth expected the price to dive below $200 (it went to sub $160) in 2015 after it peaked at around $1160. It's a decline of around $1000!

The 2013 scenario was an unique one. Consider all the variables that contributed to that:

1) MT Gox was the only exchange in the world
2) MT Gox was shown to be a fraud, fake volume everywhere etc
3) The software was not as advanced as it is today
4) Infrastructure was overall weak


List goes now. Now we are safe from all the bullshit. We have several different exchanges, the software is robust, and we got rid of the stupid chinese.

Only up now.

[beerlover]

I am not sure that we will be giving a permanent farewell to 3 digit price levels. Until bitcoin reaches $1500 or $2000 levels, we may expect some causal fluctuations into 950+ levels. So, it must be too early to good bye to triple digit prices of bitcoins.

[Kprawn]

These flash spiked are just the start and I also see a Moon price coming towards the second quarter of this year. The Chinese

government has thrown some spikes in the road, but we managed to navigate past it. Now we are on the highway and we are speeding

at 200 MPH.   .....To the Moon!!!!

[e-coinomist]

Cup and handle forming..

https://www.youtube.com/watch?v=0HtyF0jux2Q

Do we form the cup and handle or do we flop :O?!?!?!?!

Did that cup and handle formed out before, ever? Any examples inside chart history?
On my perception it's the most misleading pattern. When you are standing on a hill, and been standing on a hill before and have walked through a long and cheapdeep valley, what would you exspect to appear next on the landscape?

The wanderer collects fairy tells but doesn't believes in them.

[Bitcoinsummoner]

There is no assurance that the price will stay at this level and i think sooner many people will sell their bitcoin and the price coud touch again back to 3 digit..
So we are still not getting bye bye for 3 digit because we will still welcome it..
maybe this coming may we will see the price more increase and we can stay long in $1000 value..

[MMysterious]

Good to see so many speculations here. I think there will be one more corrections this month before the final good bye to triple digit. Not sure if it will be below 900 but I should be ready with during that time.

[manselr]

There is no assurance that the price will stay at this level and i think sooner many people will sell their bitcoin and the price coud touch again back to 3 digit..
So we are still not getting bye bye for 3 digit because we will still welcome it..
maybe this coming may we will see the price more increase and we can stay long in $1000 value..

Sooner or later 3 digits will be a thing of the past, just like 2 digits are a thing of the past now. Eventually, 4 digits will be a thing of the past, then 5, then 6...  BTC is like BRK-A stock, it only goes up long term.

[maku]

I'd like to see $1,000 as a new support level, I'd love to never again see sub $1,000 but I fear we probably will.

It will be hard to achieve. Many people see $1000 as psychological barrier. I know many claims from traders saying: if bitcoin will reach $1000 then this price is good for me to sell.
There are a lot of weak hands there, shortsighted people who don't believe that price of BTC may and will go much higher than $1000.

[d5000]

I agree with the thread title. We'll soon form a nice triple top at ~$1150 and then crash under $100 again* and stay there (yes you've read the correct number, _double_ digits incoming)

(*it's a worst case scenario, yes, but every day I see the block size problem unsolved, with full blocks and mempools and delayed transactions, its probability does increase. Let's see if this hype drives us to 1 million unconfirmed transactions.)

[Pab]

Look bitcoin/yuan price today bitcoin passed 7000 yuan level,it is cruciual breaktrogh breakdown level,if bitcoin will goes below 7000 yuan sell.Now it is time for accumulation above 7000 yuan longer it takes higher bitcoin will be,dollar is going down for now euro rise to dollar but european banks crisis will fire sooner or later

[Huge Black Woman]

Yeeeahh!!  You know what time it is.  Now haw manny days did we all stay up above $1000 last time it broke bad?  Imma hopin' this ain't jist anotha pop from which we got tossed like a spent prophylaxtic.  Imma hopin' we truly DO go to da moon!!