Some action starting today

[pooya87]

the actions has started a while back when price first took a dip, the action was actually the accumulation phase in lower prices when everyone was buying and the whales occasionally did a dump to keep things down for more fun times.

and now we are back on normal time rising stuff

[South Park]

$2300 2 hours ago and now $2307 and from the looks of it market is in a positive mood moving up.

As per bitstamp today's high is $2334 and I am expecting prices to break $3500 before end of this week. At the same time I am also afraid of prices may get struck with some ranges between $2100 to $2350 levels too. Because when market is looking for some strong support to break upper resistance levels, it may remain range bounded for some times.

But we are having stable prices right now which must be very good in some sense when recovering from steep down fall.

$3500 before the end of this week? I find it a bit excessive. I want to think that you actually meant $2500, it isn't?

I also would like a more stable bitcoin price for a long time to give us a break after so much shocking situations that brought us the month of May.

But if volatility returns, I expect it to be on the upside to leave the $1000's range far behind, once and for all.

I think we can pretty much kiss good bye to the 1000 price forever, I also agree on the thought that reaching 3500 by the end of the week is simply too much but May was a crazy month for bitcoin I personally want bitcoin to be stable for a few months so it gives me time to accumulate more bitcoin before a new massive pump like the one we just saw happens again.

[joshy23]

Hopefully we see some sideways movement, else looks unhealthy run for me!

We would rather see a steady climb rather than a quick price increased. This is healthy already, at least the dumping has stop and short lived and we are seeing a price increase by the day. The price is holding and it might be boring for some, but for me this is a good movement and not a bubble as what we have seen before.

[KingdomHearts]

Slowly rising from the 2200. Been a battle back n forth today but more consistency in the 2300 range. Also lots of movement in US and China seen on bitcoinwisdom.

Yes, we can say bitcoin has recovered from corrections but now trying to break the strong resistance levels around $2500 prices. I guess there would be many people who are waiting to book profits near $2500 levels, still I am sure prices may break it toward $3000 levels in coming weeks.

[el kaka22]

Slowly rising from the 2200. Been a battle back n forth today but more consistency in the 2300 range. Also lots of movement in US and China seen on bitcoinwisdom.

Yes, we can say bitcoin has recovered from corrections but now trying to break the strong resistance levels around $2500 prices. I guess there would be many people who are waiting to book profits near $2500 levels, still I am sure prices may break it toward $3000 levels in coming weeks.

There are many exchanges like cex where people already have crossed $2500 levels and from this we can be pretty sure about reaching $3000 levels will be inevitable. It China is already joining on influencing bitcoin prices in positive way as bitcoin prices were freely moving toward $2540 levels. Maybe $2500 would be strong physiological levels still I am too sure it will get broken within this week.

[ModGirl]

Hopefully we see some sideways movement, else looks unhealthy run for me!

We would rather see a steady climb rather than a quick price increased. This is healthy already, at least the dumping has stop and short lived and we are seeing a price increase by the day. The price is holding and it might be boring for some, but for me this is a good movement and not a bubble as what we have seen before.

The price now is holding and I do not think that it is boring as many people like that as they do not like the drop and the drop now finished and now everyone is sure that the price is going better and it will increase like before.

[Chin Cheng]

It looks like the market is absorbing the correction we have last week and it is showing potential that the market could rally for the next few days and i would rather be careful on how things are going from here to take my positions.

[BitFinnese]

It looks like the market is absorbing the correction we have last week and it is showing potential that the market could rally for the next few days and i would rather be careful on how things are going from here to take my positions.

I think whales is done with accumulation from the fake dump that is considered by many as a correction.  I do agree that bitcoin price will increase this next day since the new hype is coming.  Australia to accept bitcoin as money will have an effect to its price since their citizen will enjoy a buying and selling bitcoin without tax.  Aside from that the big company in Japan that will open its bitcoin venture  will surely add to this hype too.

[FLoving]

It looks like the market is absorbing the correction we have last week and it is showing potential that the market could rally for the next few days and i would rather be careful on how things are going from here to take my positions.

I think whales is done with accumulation from the fake dump that is considered by many as a correction.  I do agree that bitcoin price will increase this next day since the new hype is coming.  Australia to accept bitcoin as money will have an effect to its price since their citizen will enjoy a buying and selling bitcoin without tax.  Aside from that the big company in Japan that will open its bitcoin venture  will surely add to this hype too.

In that dump only those lost their bitcoins who immediately started to sell their coins while the clever people not sold their coins but they believed on bitcoin and they hold their bitcoins and now they are seeing the price rising again and now they will get the profit again.

[chaser15]

Slowly rising from the 2200. Been a battle back n forth today but more consistency in the 2300 range. Also lots of movement in US and China seen on bitcoinwisdom.

Brace yourselves as we won't seeing below $2,000 anymore. Anyways just kidding.

With this slow price rise after it reached below $2,000, we are sure that it won't be accompanied by a large price decrease since it's usually happened when price is experiencing a fast phase of price increase for about 50% or more. And it's a good starting point for another rally. Just imagined when we start at $1,000 it tooks almost $3,000 before the correction and now starting from above $2,000 what do you think is the slow down point before another correction? Hope you got what I mean here.

[n0ne]

The price move is towards the barrier $2500, from the past two days the price seems to be fluctuating within the price tag of $2400. Hope expect the price peaks in big variation once after crossing​ $2500. As the price movement is without any of the market dependence it might go as high as $3000.

[Amadues]

The price move is towards the barrier $2500, from the past two days the price seems to be fluctuating within the price tag of $2400. Hope expect the price peaks in big variation once after crossing​ $2500. As the price movement is without any of the market dependence it might go as high as $3000.

I don't think like that. Before big uptrend wave price needs to meet with big sell pool which will provide liquidity to buyers. It is only possible with second  correction wave towards to 1300$. If you know Elliott wave principle bitcoin price needs to identify extremes of latest downtrend.Only after that traders can talk about big uptrend towards to new high extremes.

[South Park]

Slowly rising from the 2200. Been a battle back n forth today but more consistency in the 2300 range. Also lots of movement in US and China seen on bitcoinwisdom.

Brace yourselves as we won't seeing below $2,000 anymore. Anyways just kidding.

With this slow price rise after it reached below $2,000, we are sure that it won't be accompanied by a large price decrease since it's usually happened when price is experiencing a fast phase of price increase for about 50% or more. And it's a good starting point for another rally. Just imagined when we start at $1,000 it tooks almost $3,000 before the correction and now starting from above $2,000 what do you think is the slow down point before another correction? Hope you got what I mean here.

This, I think the only thing we can infer from that is that we must be ready because another rally may be coming sooner than we expect, while I don’t think the rally is going to be as massive I really think surpassing the 3000 dollar barrier will not takes us that long I think we could reach that price before November of this year just in time before the classic pump on December.

[selline]

$2300 2 hours ago and now $2307 and from the looks of it market is in a positive mood moving up.

As per bitstamp today's high is $2334 and I am expecting prices to break $3500 before end of this week. At the same time I am also afraid of prices may get struck with some ranges between $2100 to $2350 levels too. Because when market is looking for some strong support to break upper resistance levels, it may remain range bounded for some times.

But we are having stable prices right now which must be very good in some sense when recovering from steep down fall.

$3500 before the end of this week? I find it a bit excessive. I want to think that you actually meant $2500, it isn't?

I also would like a more stable bitcoin price for a long time to give us a break after so much shocking situations that brought us the month of May.

But if volatility returns, I expect it to be on the upside to leave the $1000's range far behind, once and for all.

I think we can pretty much kiss good bye to the 1000 price forever, I also agree on the thought that reaching 3500 by the end of the week is simply too much but May was a crazy month for bitcoin I personally want bitcoin to be stable for a few months so it gives me time to accumulate more bitcoin before a new massive pump like the one we just saw happens again.

Indeed this is true, bitcoin already increasing high so I expect the bitcoin can reach 3500 at the end of this month but may is the month of the really profitable for bitcoin I personally want bitcoin stabilized for a few months so it gives me time to collect more new great pump before bitcoin as we have just seen happen again.

[topper26]

Bump.
Some nice gains today

[Slow death]

Slowly rising from the 2200. Been a battle back n forth today but more consistency in the 2300 range. Also lots of movement in US and China seen on bitcoinwisdom.

Lots of the altcoins are increasing as well. It looks like investors are getting back in after the correction.

Yeah litecoin and ETH are increasing equals with bitcoin. I didn't mean the equal price and I mean the potential only. I hope we can buy the ETH now and this holding will take moob like bitcoin in future.
You may ETH rate as 5000$ in 2050. You can do see the bumps like in bitcoin on ETH as well.

No offense, but 2050 is a long way off and this for me is an eternity, just out of curiosity, do you plan to keep your ETH until 2050?

About LTC I have nothing to comment

[Shinpako09]

Bump.
Some nice gains today

Yes it was. Price reached $2749 in bitstamp and a better action coming next month as one country will accept btc again. Can't wait for other country to join the action. There's a big possibility that we won't see 3digit price again if that thing will happen.

[freedomno1]

Slowly rising from the 2200. Been a battle back n forth today but more consistency in the 2300 range. Also lots of movement in US and China seen on bitcoinwisdom.

I do like the action a week later and we are at 2873.78 or up 600 dollars above what we were before, damn scary to sell if someone exits the reposition is probably higher than the initial position.

[ekoice]

Slowly rising from the 2200. Been a battle back n forth today but more consistency in the 2300 range. Also lots of movement in US and China seen on bitcoinwisdom.

I think bitcoin price could not be manipulated any more since it has investors globally.Some may see this price rise as a bubble but its mainly due to japan adoption of bitcoins and more countries following japan in adopting bitcoins.