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Author Topic: [2014-05-29] Why Bitcoin’s Price Has Leapt 64% Since April  (Read 351 times)
erono
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May 29, 2014, 02:03:31 AM
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http://www.coindesk.com/bitcoins-price-leapt-64-just-one-month/

This dramatic price increase has come in just the last few days. For approximately a one-month period prior to 19th May, bitcoin was trading in a relatively tight band around the $450 level. Then, on that date, the price began to steadily ratchet upwards

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May 29, 2014, 02:30:58 AM
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The clear break above the 50-day moving average is perhaps a bullish technical indicator of where bitcoin’s price may be trading in the near-term.

Volume trends
The recent price increase has been accompanied by a significant increase in USD trading volume....

^^A sharp price rise w/ higher volume is a great start, but we went flat the last 24 hours.
This will be an exciting price battle because many are still nervous, and others are wildly optimistic.

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May 29, 2014, 05:53:28 AM
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I am not sure about the date, but I think it happened either in end of March or the begining of April. There was a sudden and giant dump of Bitcoins (many thousands) in the BTC-E exchange. The exchange rate dropped to $164 for a few seconds, before climbing back to $380 in a matter of minutes. A lot of people got lucky.

                               
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