How much price will drop this week ?

[Jaroslaw]

Any predictions?

[cbeast]

Unless there is another hype cycle, it looks like it will go below 100 this week.

[chriswilmer]

I think it will drop around negative 50 dollars. Might drop even more, maybe negative 80.

[liberty90]

Any predictions?

Prices will rise, not fall. Read more posts of rpietila.

[anu]

I think it will drop around negative 50 dollars. Might drop even more, maybe negative 80.

That's just the beginning. Then it'll go to (-80 -20j)$

[NamelessOne]

It climbed substantially last week, and climbed substantially the week before. We are higher now than we were 7 days ago, even after a correction that gave FUD makers some ammo.

[UltimateReaper]

What makes you think it's going to drop at all?  

If it does drop, I suppose, 110 for the low end maybe, though 120 seems to be the current wall as people say.

[Hawker]

I'm thinking it will hit $150 around Thursday (paychecks will clear making funds for the small traders) and then drop back next weekend.  Hoping to sell midweek and then pick up a few extra Btc on the 5th.

[Missionary]

I assume that you are referring to the price of the dollar. I would say that you would most likely get about 150-175 of those dollars for each Bitcoin.

[Xer0]

I think it will drop around negative 50 dollars. Might drop even more, maybe negative 80.

so we will have to pay if we want to sell them? and make profit by buying?

[phoenix1]

We might end the week up, but I am sticking to my view that there will be more action at 120 first

[ZephramC]

I think it will drop around negative 50 dollars. Might drop even more, maybe negative 80.

I think imaginary (or complex in general) valuation is more probable than that. :-]

[ElectricMucus]

Any predictions?

Prices will rise, not fall. Read more posts of rpietila.

haha nice. 

[Miz4r]

Hard to predict what will happen, lots of people are preparing for a retest of 120 and sold (some of) their btc at 130-137 to time their new buy in point. If it rises tomorrow without going down first then things will become incredibly bullish because all these people who sold and expected a 120 retest will be jumping back on board to ride the train.

[nimda]

I think we will test BTC0.00667 again this week.

[wachtwoord]

I think we will test BTC0.00667 again this week.

Wow BTC0.00667 per BTC? That's ~15000% profit per trade.

[David M]

We haven't finished the last week yet

Weekly closes:

2013-03-25 : $92.19
2013-04-01 : $142.63
2013-04-08 : $93
2013-04-15 : $126.6
2013-04-22 : $128
*2013-04-29 : $133

This side ways action is awesome.  Call it consolidation or stability but it bodes very well.

A "real" bull market grinds the bears to death with small gains each week.  Which appears to be what is happening...

Every day the blockchain is operating without issue, bitcoin becomes more valuable.

[nimda]

I think we will test BTC0.00667 again this week.

Wow BTC0.00667 per BTC? That's ~15000% profit per trade.

Oh I see, you want the price in USD. I'll rephrase:
We'll be testing $0.15 this week.

[YoYa]

Two things stuck with me in discussions lately:

• You require an exponentially grown inflow of fiat to raise the price like what we saw at 266
• It's only been good news in fundamentals since the flash crash

I'm taking this to mean we are in a cool down period, there's no longer a rush to get cash in to the exchanges, and those getting ready to enter the market are behaving a bit more rationally and hoping for a lower entry point.

To me, from what I can see, we're going to have sideways action in the 120 to 160 range if there is volatility, but if we don't see either dumps of btc or fiat, then we'll probably have a narrower trading range from 120 to 140.

Steady as she goes Capt'n

[chriswilmer]

• You require an exponentially grown inflow of fiat to raise the price like what we saw at 266

Not necessarily. If there is increased confidence in bitcoin by those who hold and mine them, such that they don't want to sell, the price will go up even with marginal inflow of fiat. We're all just collectively agreeing on price here, it could go to $10,000 tomorrow if there was (somehow) a consensus that that was the right price.