Bitcoin Tests $600 on Strong US Volume

[DolanDuck]

The volume in USD is pretty high lately, this could indicate the rally is real. And it's going to be huge if it is.

The uptrend in going too fast in my opinion, I'm still holding but I fear in the next days we could see a bear trap,
after that the rally will continue its way to the ATH.

[1714897087]

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[1714897087]

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[jonald_fyookball]

The volume in USD is pretty high lately, this could indicate the rally is real. And it's going to be huge if it is.

The uptrend in going too fast in my opinion, I'm still holding but I fear in the next days we could see a bear trap,
after that the rally will continue its way to the ATH.

I don't think its too fast.

Price can behave like a spring...the harder/longer you
push it down, the more violently it reacts when its
uncorked.

There's been a lot of people waiting a long time to
see where the bottom is and jump back in, and I
think that's what's happening now.

Next 2 weeks, I would expect price to test $700 and
then maybe settle in around $675.

[chennan]

The price now is $608, over $600, going up smoothly. It is a good sign without speculative move in China. The price is more steady. I think it is no easy for the price to go over $1000 again!

[bryant.coleman]

The price now is $608, over $600, going up smoothly. It is a good sign without speculative move in China. The price is more steady. I think it is no easy for the price to go over $1000 again!

The earlier peak of $1,242 was achieved as a result of market manipulation and extensive fraud by the Mt Gox exchange. So I agree with you. Reaching the $1,000 mark is not at all easy.

[QuestionAuthority]

The price now is $608, over $600, going up smoothly. It is a good sign without speculative move in China. The price is more steady. I think it is no easy for the price to go over $1000 again!

The earlier peak of $1,242 was achieved as a result of market manipulation and extensive fraud by the Mt Gox exchange. So I agree with you. Reaching the $1,000 mark is not at all easy.

Unless, of course, it's being manipulated again and the price is just another scam. There have always been people making fortunes manipulating the price.

[CryptoKilla]

Bitcoin is moving in such a strong direction right now. I wouldn't be surprised if it breaks $750-$800 by the end of June to be honest. Now is a great time to invest everything you possibly can into Bitcoin!

[KimNam]

BTC prices increase too fast i think
still don't see major correction

Unless, of course, it's being manipulated again and the price is just another scam. There have always been people making fortunes manipulating the price.

hmm do you think BTC is manipulated again right now? like october-november last year?
interesting

[jonald_fyookball]

About to test $700

[Quibbler28]

Yes people are getting into Bitcoin because they are seeing how much value it really has... Atleast 100x the current price.

[philipma1957]

As always  we can only guess as to the future price of coins..   right now 12.8 mill  of them have been freed or mined or whatever.

At 600 a piece that is under 7.7 billion usd.

 this is a small amount of money  so a few deep pocket people can maneuver it.


Read up on how the Hunt brothers pushed the price of silver from under 10 usd to over 50 usd an oz. (around 1978)

 So I would say how would any of us know if 4 or 5 billionaires are planning to put in a lot of money to jack coins up.

Answer is we would not know.

[Quibbler28]

WOOT go US. US bouta be so rich over the rest of the world.

[Canis Lupus]

It's gonna keep going up !!

[QuestionAuthority]

It's gonna keep going up !!

Who's propping it up this time now that Gox is gone?