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Author Topic: bitcoin price spike due to us dollar falling against asian currency?  (Read 777 times)
critical
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October 28, 2011, 12:24:05 PM
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bitcoin price spike due to us dollar falling against asian currency?

as us dollar has been falling this few days, thus the price of bitcoin has increased, i suspect

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October 28, 2011, 12:27:06 PM
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It's just retracting the 70% of the jump down - just like in all previous cases:
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October 28, 2011, 12:31:29 PM
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bitcoin price spike due to us dollar falling against asian currency?

as us dollar has been falling this few days, thus the price of bitcoin has increased, i suspect



Yeah but bitcoin has increased over 50%, which is far above these changes. Bitcoin has broken the long term downward trend (depending how you draw the trend lines) , which has given people confidence again.
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October 28, 2011, 12:53:11 PM
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For more info on this, see https://bitcointalk.org/index.php?topic=49264.20
Specifically page 2 and onwards, I have drawn the trendlines in a variety of ways, and explained what they indicate.

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