Bitcoin Forecast

[coinforecasts]

A huge drop to 430.00 today (testing lows) and an ongoing rally back up to 520.00 may form a new trend on the current BTC market (either upwards or downwards). By the way, Mt.Gox's standing still these hours.

[coinforecasts]

Most likely the February 27th price at 626.00 will not be reached since the trajectory's changed a lot today.

[coinforecasts]

http://coinforecasts.com/2014/02/292/

[rmines]

I'm also pessimistic on the short term.
Once gox will stop with their services, all media will cover this story (a lot of them still think mgox is the only btc exchange).
This will create panic and a significant price drop.

I might just start my own forecast site and start advertising my prophetical skills!

[siarhei]

I might just start my own forecast site and start advertising my prophetical skills!

if you have any...

[coinforecasts]

Hello there!

Although Mt. Gox went offline yesterday and the current market looks quite sustainable now (back to 550s area) we may again expect a breach below the 500 level this Monday, March 3rd (my short-term expectation)

[coinforecasts]

Today's BTC trading volume is only 75.6756!!! Beware of the deep fall!! Current market is still challenging the 550 area...

[coinforecasts]

March 3rd - full-fledged trading day of a new month. Although bearish signs are quite strong these days and new lows at 400s (and lower) are still possible, we may see a bounce-off tomorrow at 483 (Fibonacci Retracement) and subsequent takeoff to 600+ (within 1-3 days).

[coinforecasts]

Dear bitcoiners, if you have any comments or just want to share your thoughts on the BTC future value, you're warmly welcome to post them in this thread. That would be much appreciated!

[CoinRocka]

$2500 by years end.  Much volatility through April.  Summer spike.

[lumierre]

My crystal ball tells me prices will hit the following in the months to come:
$680 April
$700 May
$720 June
$730 July
$800 August breakout
$1100 September
$1800 October
$1500 November
$1700 December

[zerk89]

March: Rally to 700
April: 800
May: 850
June : 825
July 1st-10th, 7000-9000$ peak
August - 3,000-5,000
1st 2015 $5,000-7,400$

[coinforecasts]

March: Rally to 700
April: 800
May: 850
June : 825
July 1st-10th, 7000-9000$ peak
August - 3,000-5,000
1st 2015 $5,000-7,400$

Your figures look quite realistic. What's your primary technique/strategy? Elliot Waves?

[dyland]

$2500 by years end.  Much volatility through April.  Summer spike.

+1

[coinforecasts]

I expect BTC to be within 640-740 range until the end of the month. I don't think we'll see a real momentum until the summer. Any thoughts?

[antimattercrusader]

I expect BTC to be within 640-740 range until the end of the month. I don't think we'll see a real momentum until the summer. Any thoughts?

I just ran out of pretzels. This is bad.

[siarhei]

I just ran out of pretzels. This is bad.

better send a donation 

[coinforecasts]

BTC is slightly bearish today (SMA50 at 623, daily chart). I hope it's just a temporary slowdown.

[rmines]

Are there any indicators to why or is it just people dumping?
I couldn't find any negative news.

[elebit]

I think people get very twitchy by the MtGox stash moving again. All it takes is one dump for a lot of people to start panic selling. Then it stops just as quickly as it started.