[2014-09-10] After Bitcoin Hits a Yearly Low, Can It Fall Even Further?

bryant.coleman

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Quote from: cryptofan5 on September 10, 2014, 05:27:30 PM

It can potentially fall to $300, I think.

It had already hit sub $300 levels in March, when Mt Gox was hacked and close to 1 million coins stolen from there. For almost a whole month (March 2014), the exchange rate remained in the 300-400 USD range. I don't know whether it can repeat unless a similar incident occurs. There is a remote chance, if the US or the EU bans Bitcoin exchanges.

gmx95

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I think the support at $454 maybe tested this week.

cryptofan5

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It can potentially fall to $300, I think.

LiteCoinGuy

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In Satoshi I Trust

could go to zero Wink

SOAD

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Of course it can fall even further, but the opposite is also true. I've given up being bothered by unexplained price falls for a quite a few months now. Not really bothered where the price is today but more interested on the future value.

Bobsurplus

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Making money since I was in the womb! @emc2whale

Quote from: epere on September 10, 2014, 03:03:54 AM

http://www.investing.com/analysis/how-far-can-bitcoin-fall-225260

Bitcoin hit the lowest price in September so far yesterday, reaching a low of $456.30, and then an immediate recovery to $470.77 took place. However, the move lower has been sustained and the current price is nearer to monthly low posted yesterday. At present, there is a weak downward trend at the hourly timeframe and seems to be testing the $464 support level. A downward move past this support could see the next support at $454.37 tested as well. In the event of an upward swing, the $470.80 and $480.96 levels will provide resistance.

Sure it can, mostly because I still have some fiat from selling my btc at the 1K range. The lower it goes the more I'm able to purchase.

epere

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http://www.investing.com/analysis/how-far-can-bitcoin-fall-225260

Bitcoin hit the lowest price in September so far yesterday, reaching a low of $456.30, and then an immediate recovery to $470.77 took place. However, the move lower has been sustained and the current price is nearer to monthly low posted yesterday. At present, there is a weak downward trend at the hourly timeframe and seems to be testing the $464 support level. A downward move past this support could see the next support at $454.37 tested as well. In the event of an upward swing, the $470.80 and $480.96 levels will provide resistance.

Topic: [2014-09-10] After Bitcoin Hits a Yearly Low, Can It Fall Even Further? (Read 857 times)