Will bitcoin surpass 300 in the next 24 hours?

[Kimba_Coinarch]

The bitcoin price continued to rally north amid a little adjustment. We initially expected the price to form a downward sloping channel once peaking through the 290ish point. However, the constant occurring temporary supports made sure the price remained in a bullish bias state. Read on for our daily bitcoin price analysis.

We have recently seen the bitcoin price climb daily which points to the recent fundamental upgrades in the bitcoin arena. The inclusion of the Bitcoin Investment Trust, followed by the launch of Tera Exchange into the mainstream investing markets has literally acted as a rocket fuel to the digital currency’s value. Traders are expecting a notable Wall Street adoption in the future. Therefore, we wouldn’t be surprised if the price extends above the key resistance levels in the coming days.

March 4th Bitcoin Trading Session

The BTC/USD opened near 279, after being dumped at the intraday peak of 294. The routine price correction woke up a few bears, who briefly attempted to break below the psychological support around 275. An equal effort from the upside lovers made sure that price continued to stay in its prevailing bullish momentum. As a result, the bitcoin price once again moved a little north and validated its bullish bias.

At press time, the BTC/USD is being valued near 282.

What to Expect Today?

It is too soon to determine whether the bitcoin price is in the mood to break above the ultimate peak near 315 to confirm a long-term bullish bias. For near-term however, the technical indicators are screaming “bulls” at the top of their lungs.

As you can see in the 4H Bitfinex chart above, the bitcoin price is clearly sitting above the 50H SMA, while the RSI has dropped to 64 in the name of correction. The MACD blue curve is also pointing towards the saffron signal curve, therefore validating the little sell-offs happening in the market.

Read more analysis here: https://www.coinarch.com/Info/Blog?Page=2015/03/daily-bitcoin-price-analysis-4th-march/

At the same time, the 275-support has proven to be stronger today and is hoping to hold the price from falling into a bearish slope. If it fails, it will end up validating the downside target near 270. However, if price manages to float above the 275 level, it will further validate an upside movement towards the 285-resistance mark.

Conclusion (On Daily Charts)
Current Mood: Strongly Bullish
Technical Indicators: Strong Buy (8 Buy 0 Sell 3 Neutral)
Moving Averages: Strong Buy (12 Buy 0 Sell)

[bitwarrior]

I am hoping that we may reach at $300 in the next 24 hours but my gut tells me that it will not be and will require more time to settle at a higher floor  to finally reach that mark.

[BlindMayorBitcorn]

Watch the stars tonight, gentlemen. Bitcoin gives you wings!

[podyx]

Next week I think we'll see 300+

[ajareselde]

I am hoping that we may reach at $300 in the next 24 hours but my gut tells me that it will not be and will require more time to settle at a higher floor  to finally reach that mark.

Spot on, i fully agree, every indicator is there that we are going over 300, but u cant rally up if u dont drain out weak hands before.
Im thinking about the 240-250$ for new floor price soon, but the support just doesnt seam to allow it for now.
If 300 is your sell price, wait a week or so, i say, things should settle down by then.

cheers

[tyrexs]

i think not in 24 hoour or weekly

[okthen]

Well, something will happen today (sharpiss up or down) due to the auction.
Not sure what will happen, specially because the results won't be known that soon.

[NUFCrichard]

Well, something will happen today (sharpiss up or down) due to the auction.
Not sure what will happen, specially because the results won't be known that soon.

The price is currently $269.  A 31 dollar increase today can't exactly be expected!  Especially when the last big move was a downwards one at about 10pm last night.
I will be more than happy with $275 at the end of the day without any big whale dumps knocking it back towards 250

[Sarahiko]

Maybe or maybe not, that all depends on the demand if it has a higher demand we may see a higher that 300 USD bitcoin price

[ravenjt]

I will be more than happy with $275 at the end of the day

Wow. Can you imagine anyone saying that in 2014?
May be someone with a big short position!

[rosh]

There will definitely be an upsurge, but it will be gradual.
24 hours is too less a time.

[BitCoinNutJob]

I will be more than happy with $275 at the end of the day

Wow. Can you imagine anyone saying that in 2014?
May be someone with a big short position!

$275 price is like meh, back in early 2013 that would be like no wayyyy.

[faince222]

I don't think so. Anyway, I hope to see an increase of price in the next day..

[alesx.onfire]

i don't think so,
Is going down again to 250.

[uki]

We need a calm and steady upwards move, rather than peak to $300 in no time and then a quick dump afterwards. Looking only at the topics in this section, one could think that Bitcoin oscillates between $1000 and single digits on a daily basis.

[ThatDGuy]

I'm thinking a bit more of this retrace down from the $285-290 point, and then see if anything comes out of the auction.  If it doesn't affect things too much I think we spend a little more time here ~$270

[dothebeats]

Very unlikely within 24 hours. I might say maybe the coming weeks, but it can't be achievable within such a short time-frame. A higher floor, yes, but apparently there are still many weak hands out there that should sell before we finally see the sweet $300

[dothebeats]

I'm thinking a bit more of this retrace down from the $285-290 point, and then see if anything comes out of the auction.  If it doesn't affect things too much I think we spend a little more time here ~$270

I wish it could be lower so that I can snatch some coins before it goes up. But whatever the floor price may be, still good though.

[azguard]

Next month we can expect to see price above 300

[waterpile]

Very unlikely that it will go up in 24hrs but i guess nothing is impossible.

[GreatWinter]

I am hoping people won't reference tulips.

In the next few years, BTC could be sub 500.

I believe afterwards, it will start to rise and it will keep going.

More and more are adopting mobile payment systems and BTC could fall into this.

[1Referee]

$300 level is nearly due. I'm quite sure it won't be within 24 hours. Give it 7 days.

After having hit $300 there might be a small dump again by traders who are taking profits.

Within now and a month there will be very strong buy support at $300 which might help us advance even higher.

[Auxi]

No yet... 300$ are comming but we must wait

[Omikifuse]

No.

In fact 250 is more likely, but most probably they both won't happens

[maku]

No.

In fact 250 is more likely, but most probably they both won't happens

This. I can agree with the most of forum members who commented here before. From what I could observe bitcoin price is quite stable since couple of days  and oscillates around $270-280. We can't seem to achieve anymore right now. I predict that price will stay the same for some time. It may even drop a little. But I would be amazed if price would hit $300 barrier.

[ajareselde]

If u spend few hours observing the market activity, its like someone is testing reactions from the market both in up and down direction, allmost like theyre
testing to see if its ready to be pushed up, or it should be scaled down, and retryed at later point.
So far i didnt see support in the upper direction, but it usualy builds up upon pump when people see its not going to bounce back down.

cheers

[Monetizer]

I really do hope to see the price go over 300 USD again but I don't know when it will happen... Mind you I was around for $20 and didn't buy because I thought it wouldn't go up for a while.

[minerbit hill]

hope so...but the time is also key to Bitcoin. keep mind and hold

[BitCoinNutJob]

I really do hope to see the price go over 300 USD again but I don't know when it will happen... Mind you I was around for $20 and didn't buy because I thought it wouldn't go up for a while.

I was around at the drop to $50/$60 and didnt buy because i thought i could get $25 lol lesson learned i just buy and hold now.

[Amph]

still no, especially because we are in the weekend, next week maybe there is some chance for it, but i doubt so

[uki]

If u spend few hours observing the market activity, its like someone is testing reactions from the market both in up and down direction, allmost like theyre
testing to see if its ready to be pushed up, or it should be scaled down, and retryed at later point.
So far i didnt see support in the upper direction, but it usualy builds up upon pump when people see its not going to bounce back down.

cheers

Interesting observation. I think couple of last tests ow the downside supports were pretty positive. the price has been lightly up, then we had shallow correction, without return to low 200.

[Q7]

I think the market is still waiting to see the effect of the bitcoin auction after it was completed. There were some rumors going on which I hope is not true but probably people are staying on the sideline just to be safe. I think the next coming week is going to be exciting because once we can see where it is heading, it should become more clear on what to expect.

[picolo]

I think the market is still waiting to see the effect of the bitcoin auction after it was completed. There were some rumors going on which I hope is not true but probably people are staying on the sideline just to be safe. I think the next coming week is going to be exciting because once we can see where it is heading, it should become more clear on what to expect.

The price seems to keep appreciating slowly. I think we could have go over 300$ this week but it seems it will take a little bit more time.

[uki]

I think the market is still waiting to see the effect of the bitcoin auction after it was completed. There were some rumors going on which I hope is not true but probably people are staying on the sideline just to be safe. I think the next coming week is going to be exciting because once we can see where it is heading, it should become more clear on what to expect.

Bitcoin auction is a price-irrelevant event: first because the amount of coins that are available for sale is low compared to the current total number of coins, second because coins acquired at this price-levels won't hit market any time soon - why would somone who managed to win the auction put them immediately for sale at nearly zero gain?

[srgkrgkj]

we can see these prices in 15 days time but in the next 24 hours i wouldent be surprised if we peaked at 290 or 300

[Maxpayne86]

Should I sell 1 BTC now? Or should I wait until it reaches 300$? Will this happen?

[T-Y-R]

Should I sell 1 BTC now? Or should I wait until it reaches 300$? Will this happen?

No and no.  Trend is up, so don't sell now … once it gets to 300 the trend will still be up, so don't sell then either.

[Omikifuse]

Should I sell 1 BTC now? Or should I wait until it reaches 300$? Will this happen?

what was your buy price?

anyway weekends are boring

[Q7]

I think the market is still waiting to see the effect of the bitcoin auction after it was completed. There were some rumors going on which I hope is not true but probably people are staying on the sideline just to be safe. I think the next coming week is going to be exciting because once we can see where it is heading, it should become more clear on what to expect.

Bitcoin auction is a price-irrelevant event: first because the amount of coins that are available for sale is low compared to the current total number of coins, second because coins acquired at this price-levels won't hit market any time soon - why would somone who managed to win the auction put them immediately for sale at nearly zero gain?

First of all, have you managed to get the news on what is the actual buying price that the winners paid for? If a bidder paid to buy at lower than market price, they could either sell the bitcoin into the open market to gain some quick profit or they could decide otherwise instead to hold it for a longer period of time to bet on a further gains.  However, if its the opposite, the only logical option is to hold. There are reasons sometimes a buyer would bid above the current spot price to avoid slippage at the target price than if that position was bought in the open market. In this scenario, obviously nobody would want to sell it straight way.

[(Lithium)]

no

And not in the next week too

[montreal]

imo somewhere between $295-320 within the next few days, then back down. We already know Kardashev Capital lost at $221 per block. I think sometime in the next few days (hopefully tomorrow) we'll get more info on bids and it will be very close to/above market...either way is up

[okthen]

imo somewhere between $295-320 within the next few days, then back down. We already know Kardashev Capital lost at $221 per block. I think sometime in the next few days (hopefully tomorrow) we'll get more info on bids and it will be very close to/above market...either way is up

I imagine the winner will wait until actually having the bitcoins, yep.
The wire transfer time limit is due tomorrow, so I guess if he wants to make it public he'll probably do it on Tuesday.

[dothebeats]

Should I sell 1 BTC now? Or should I wait until it reaches 300$? Will this happen?

what was your buy price?

anyway weekends are boring

Weekends are indeed boring. Not that much market activity. The markets are calm.

[dothebeats]

3 days after this post had been posted and still the price of bitcoin didn't see $300. Wait for a week or two then maybe we'll see $300.

[MAsterV]

WHO KNOWS ??

MAYBE? MAYBE NOT?

ALL DEPENDS OF THE TRADING ...

[dothebeats]

WHO KNOWS ??

MAYBE? MAYBE NOT?

ALL DEPENDS OF THE TRADING ...

That's why this post is posted in the Speculation board. But I believe that it will somehow see $300 within the coming weeks.

[ajareselde]

WHO KNOWS ??

MAYBE? MAYBE NOT?

ALL DEPENDS OF THE TRADING ...

That's why this post is posted in the Speculation board. But I believe that it will somehow see $300 within the coming weeks.

If we keep this thread long enough it just may happen, right
To me it seams that there is too much resistance to go lower, so the obvious thing that should happen is to go up, these good news in the last month or so also pushed us alot.

cheers

[Kimba_Coinarch]

Well bitcoin didnt surpass 300 and is currently sitting around 275.

In my previous analysis, I briefly discussed the bitcoin market’s bearish corrections. I mentioned the high buying pressure in the 260-267 area, a factor that played out during the weekend trading session. The bitcoin price tested 268 successfully as its temporary support and pulled back from its prevailing downtrend by a small margin. It is now consolidating within a notably stiff trading range, while the market’s volatility seems to be decreasing. Read on for our daily bitcoin price analysis.

March 7th-8th Bitcoin Trading Session

After successfully floating above the 268-support area, the BTC/USD opened near 277 during the March 8th trading session, while testing the next upside risk near 280. As you can see in the chart below, the low volatility squeezed the Bollinger Bands together. During these hours, the bitcoin price touched 280, though this didn’t last long with the price quickly pulling back towards the south. Traders appear to be exiting near the 278-279 mark.

At press time, the BTC/USD is attempting to float above its daily moving average near 275. The market is still in its correction mood and thereby consolidating in absence of enough buying/selling volume.

What to Expect Today?

Whenever the market encounters tightening of the Bollinger Bands, the price has faced $10-15 breakouts. As for now, the price is clearly refusing to break the support near the 265-267 area, while setting its bull target near 280. This is a new consolidation area we are expecting if the BB’s continue to squeeze.

The technical indicators meanwhile are suggesting a near-term bearish correction where the price once again targets the 268-270 area as its next support. The last two green candles are visibly thick,  indicating the marginal difference between the selling and buying orders. It’s also worth noting that the RSI is positioned in the neutral area, while the market is near 52. The MACD blue curve, despite staying in a positive territory, has its head below the saffron signal curve.

Once the price retests 270, or before the psychological support near 275, the price will once again move towards battling the 280-resistance which, at this time, will hold price to create any further bull targets.

It would be best to exit the market near 279 if the current situation is considered. On the downside, a stop loss near 268-270 area will be a good trade.

Conclusion (On Daily Charts)

Current Mood: Bullish
Moving Averages: Buy (11 Buy 1 Sell)
Technical Indicators: Strong Buy (10 Buy 0 Sell 1 Neutral)


See my blog here: https://www.coinarch.com/Info/Blog?Page=2015/03/daily-bitcoin-price-analysis-8th-march/

[jeffhuys]

I wouldn't count on it. It's quite stable around 250-275 for weeks now. What makes you think that this will change on such short notice?

HODL until the end. Buy shit. Live long and prosper. Yadda yadda yadda.

[Malin Keshar]

more than 24 hours passed and prices refuse to change

bah

[bassclef]

It is not rocket science why markets move, but it seems like it listening to some of you. Volume moves price. Big volume (by whales) moves the price big time. They are usually the only reason for price changes, and you can see it right on the charts. The volume bars do not lie, except on no-fee Chinese exchanges. Even then, it is still relative.

If coins for sale (let's call it "floating supply") are removed from the market and demand remains equal, the price will rise. Conversely, if floating supply is introduced into a market (as it always is at market tops) prices will fall as there is not enough demand to meet it.

Think about market crashes: Panicky, high-volume, despair-laden market crashes. Why do they not crash further? Because of buyers. This is logical. Do these buyers hope to sell at prices lower, equal to, or greater than current market price? Greater. Also, logical. Sometimes much greater if the buyers are part of professional syndicates. Crashes allows them to accumulate a huge amount of coin at rock-bottom prices while the herd panics and sells. As "floating supply" decreases after a crash on high volume and demand remains the same, gradually the market begins to act bullish as it is today. Also, logical.

"But what about the DPR auction coins?" you ask. The answer is simple. Even if dumped on the market today (which is highly unlikely), they might move the price a little, but because whales are bullish they will absorb the selling. They get to move the market, not DPR auction winners, and will easily support certain prices levels if need be. It would be an opportunity for them. Also, they can take the brakes off the market and push it very high, which is what they will do in the future, and less floating supply makes it easier (and cheaper) for them to do this. Higher prices will attract more attention from the media, and eventually the herd will begin buying again, as they always do and always have done when presented with an opportunity to profit.

To answer the question, YES, we will see $300 soon and higher, we are already on our way. The crash has set us up for it by removing a great deal of floating supply. Whales and smart traders have been accumulating this whole time and in the future, after the price mark-up, will distribute to future weak hands as the cycle begins again.

[chriswen]

maybe soon.  We may be breaking out.

[Kimba_Coinarch]

It is not rocket science why markets move, but it seems like it listening to some of you. Volume moves price. Big volume (by whales) moves the price big time. They are usually the only reason for price changes, and you can see it right on the charts. The volume bars do not lie, except on no-fee Chinese exchanges. Even then, it is still relative.

If coins for sale (let's call it "floating supply") are removed from the market and demand remains equal, the price will rise. Conversely, if floating supply is introduced into a market (as it always is at market tops) prices will fall as there is not enough demand to meet it.

Think about market crashes: Panicky, high-volume, despair-laden market crashes. Why do they not crash further? Because of buyers. This is logical. Do these buyers hope to sell at prices lower, equal to, or greater than current market price? Greater. Also, logical. Sometimes much greater if the buyers are part of professional syndicates. Crashes allows them to accumulate a huge amount of coin at rock-bottom prices while the herd panics and sells. As "floating supply" decreases after a crash on high volume and demand remains the same, gradually the market begins to act bullish as it is today. Also, logical.

"But what about the DPR auction coins?" you ask. The answer is simple. Even if dumped on the market today (which is highly unlikely), they might move the price a little, but because whales are bullish they will absorb the selling. They get to move the market, not DPR auction winners, and will easily support certain prices levels if need be. It would be an opportunity for them. Also, they can take the brakes off the market and push it very high, which is what they will do in the future, and less floating supply makes it easier (and cheaper) for them to do this. Higher prices will attract more attention from the media, and eventually the herd will begin buying again, as they always do and always have done when presented with an opportunity to profit.

To answer the question, YES, we will see $300 soon and higher, we are already on our way. The crash has set us up for it by removing a great deal of floating supply. Whales and smart traders have been accumulating this whole time and in the future, after the price mark-up, will distribute to future weak hands as the cycle begins again.

https://i.imgur.com/ovNGTCa.jpg

Good analogy and diagrams

[ajareselde]

It is not rocket science why markets move, but it seems like it listening to some of you. Volume moves price. Big volume (by whales) moves the price big time. They are usually the only reason for price changes, and you can see it right on the charts. The volume bars do not lie, except on no-fee Chinese exchanges. Even then, it is still relative.

If coins for sale (let's call it "floating supply") are removed from the market and demand remains equal, the price will rise. Conversely, if floating supply is introduced into a market (as it always is at market tops) prices will fall as there is not enough demand to meet it.

Think about market crashes: Panicky, high-volume, despair-laden market crashes. Why do they not crash further? Because of buyers. This is logical. Do these buyers hope to sell at prices lower, equal to, or greater than current market price? Greater. Also, logical. Sometimes much greater if the buyers are part of professional syndicates. Crashes allows them to accumulate a huge amount of coin at rock-bottom prices while the herd panics and sells. As "floating supply" decreases after a crash on high volume and demand remains the same, gradually the market begins to act bullish as it is today. Also, logical.

"But what about the DPR auction coins?" you ask. The answer is simple. Even if dumped on the market today (which is highly unlikely), they might move the price a little, but because whales are bullish they will absorb the selling. They get to move the market, not DPR auction winners, and will easily support certain prices levels if need be. It would be an opportunity for them. Also, they can take the brakes off the market and push it very high, which is what they will do in the future, and less floating supply makes it easier (and cheaper) for them to do this. Higher prices will attract more attention from the media, and eventually the herd will begin buying again, as they always do and always have done when presented with an opportunity to profit.

To answer the question, YES, we will see $300 soon and higher, we are already on our way. The crash has set us up for it by removing a great deal of floating supply. Whales and smart traders have been accumulating this whole time and in the future, after the price mark-up, will distribute to future weak hands as the cycle begins again.

Very good explanation, and i agree with most of it, but the part that causes rise up in price is mostly news-related, and in this case the "whale" is a bunch of small traders that trade in a similar
pattern. The ones that can move the market on their own are very rare ones,and with passing time they are vanishing.
Also, the increased interest in bitcoin trading led to increase in volume, so before u had people mass selling mostly after a very sharp rise, because they needed alot of space to fill their sell (volume),
and now those people can dump their whole stash much more efficiently due to higher volume.
I agree that we will see 300+ in a matter of days if something doesnt change in the meantime, maybe its taking long because of that psychological border of round number 300.

cheers

[twn]

its already a week with same prices generally after this, prices goin down or up around %20. right now it just await a news. if its good definetly it will stop by around $310-320 otherwise im waiting $225-250

[Herbert2020]

3x 24 hours past and still the price hasn't gone higher than $300. finally the rocket to the moon ran out of steam. but i think it is going to lift up again, but it is gonna stay around this price for some time.

[ThatDGuy]

3x 24 hours past and still the price hasn't gone higher than $300. finally the rocket to the moon ran out of steam. but i think it is going to lift up again, but it is gonna stay around this price for some time.

Having seen a few rockets in BTC before, there's no way I would classify February and early March as a rocket.  It's been a relatively healthy upwards trend which is significant since it's been more than a year since we've seen a month or more that weren't bearish.

It's more like the slow welling-up of a distant wave.  Things will get choppy soon.

[Kimba_Coinarch]

I am hoping that we may reach at $300 in the next 24 hours but my gut tells me that it will not be and will require more time to settle at a higher floor  to finally reach that mark.

You were right, it might need a couple more days. Great time to go long with leverage.

[Kimba_Coinarch]

Next week I think we'll see 300+

I think you might be correct. Great time to go long if you think it will surpass the 300 mark. Visit www.coinarch.com and use Kimba to receive free brokerage for the next week. :-)

[Kimba_Coinarch]

$300 level is nearly due. I'm quite sure it won't be within 24 hours. Give it 7 days.

After having hit $300 there might be a small dump again by traders who are taking profits.

Within now and a month there will be very strong buy support at $300 which might help us advance even higher.

You were right, we are so close to $300! If you think the bitcoin price will continue to rise you should trade using leverage. If you're keen to trade register at www.coinarch.com using Kimba as the invitation code and receive free brokerage for the next week.

[Morecoin Freeman]

I am hoping that we may reach at $300 in the next 24 hours but my gut tells me that it will not be and will require more time to settle at a higher floor  to finally reach that mark.

You were right, it might need a couple more days. Great time to go long with leverage.

I do not agree. Bitcoin at $230 was a great time to go long with leverage.
You don't want to go on leverage this late in the rally.

[Kimba_Coinarch]

WHO KNOWS ??

MAYBE? MAYBE NOT?

ALL DEPENDS OF THE TRADING ...

That's why this post is posted in the Speculation board. But I believe that it will somehow see $300 within the coming weeks.

If we keep this thread long enough it just may happen, right
To me it seams that there is too much resistance to go lower, so the obvious thing that should happen is to go up, these good news in the last month or so also pushed us alot.

cheers

Very true - this thread might see it pass the 300 mark! :-) It seems so close to #00, touching 295 in the last 24 hours.

Not sure if you trade though if you are interested visit www.coinarch.com and register using Kimba as the invitation to get free brokerage for the next 7 days. Good time to go loooooong.

[Kimba_Coinarch]

No yet... 300$ are comming but we must wait

It's so close, touching 295 in the last 24 hours. Not sure if you are interested in trading though if you are visit www.coinarch.com and use Kimba as the invite code for free brokerage for 7 days.

[galdur]

It seems likely to retest the 310 Jan. top. Maybe not tomorrow though. After that some correction most likely.

Increased volume and buying is a good sign but bear in mind that bear market rallies can be both strong and deceptive. Short sellers do take their profits regularly just like those being long. So, there´s always the possibility that a good chunk of the volume is covering before the next leg down. Or maybe the shorts are getting cold feet. It´s difficult to say, only time will tell.

[b!z]

300 by week's end if not tinight. However hopefull we should see it happening today itself. it was only 5$ away

Hopefully!

It seems likely to retest the 310 Jan. top. Maybe not tomorrow though. After that some correction most likely.

Increased volume and buying is a good sign but bear in mind that bear market rallies can be both strong and deceptive. Short sellers do take their profits regularly just like those being long. So, there´s always the possibility that a good chunk of the volume is covering before the next leg down. Or maybe the shorts are getting cold feet. It´s difficult to say, only time will tell.

That's certainly a possibility. I can't wait for the price to break the $300 mark. It seems so close yet so far.

[ThatDGuy]

300 by week's end if not tinight. However hopefull we should see it happening today itself. it was only 5$ away

Hopefully!

It seems likely to retest the 310 Jan. top. Maybe not tomorrow though. After that some correction most likely.

Increased volume and buying is a good sign but bear in mind that bear market rallies can be both strong and deceptive. Short sellers do take their profits regularly just like those being long. So, there´s always the possibility that a good chunk of the volume is covering before the next leg down. Or maybe the shorts are getting cold feet. It´s difficult to say, only time will tell.

That's certainly a possibility. I can't wait for the price to break the $300 mark. It seems so close yet so far.

http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/

This kind of news makes me feel like it's getting closer very quickly!