Topic: $350 is the new barrier? - page 6. (Read 5734 times)
Current dip may be due to short term profit taking. China has not lost its appetite for bitcoins, yet. The Chinese commie gov't still exercising currency control and yuan devaluation. Their economy has been retreating, though there are signs of recovery.
$350 is a very difficult price level, but the $400 level is even more difficult as whale traders will try to not let it go over $400. they will place large sell walls to scare people off.
We have slowed down. It looks like we have lost our steam. This is maybe only temporary. We will see in the next few days. There will either be a second leg of the upward movement or we will drop down from here.
I don't think that $350 is a new barrier. $300 was a huge barrier in my opinion and we have run through this like a hit knife through the butter. Historically $350 is just a number. There was never so much important in all of the runs and dumps.
I don't think that $350 is a new barrier. $300 was a huge barrier in my opinion and we have run through this like a hit knife through the butter. Historically $350 is just a number. There was never so much important in all of the runs and dumps.
We'll see how it would play out in the coming week. If it really lost its fuel or just slowing down for a bit. Also, we'll see how many traders would take profits and call it quits for now.
It looks like it, right now things are a little slower than in the past few days so maybe if it can find support here we can go beyond $400 in the next bump.
We have slowed down. It looks like we have lost our steam. This is maybe only temporary. We will see in the next few days. There will either be a second leg of the upward movement or we will drop down from here.
I don't think that $350 is a new barrier. $300 was a huge barrier in my opinion and we have run through this like a hit knife through the butter. Historically $350 is just a number. There was never so much important in all of the runs and dumps.
I don't think that $350 is a new barrier. $300 was a huge barrier in my opinion and we have run through this like a hit knife through the butter. Historically $350 is just a number. There was never so much important in all of the runs and dumps.
So we've been in a massive uptrend this previous weeks but it seems that the rocket ship has ran out of fuel for a while. China broke the $350 barrier which Western exchanges can't.
Do you think we have a chance to break it by November or nah? What are your predictions?
Do you think we have a chance to break it by November or nah? What are your predictions?
First I wanna hold the $300. At the moment it looks good. Hope we stay strong at this weekend and can continue climbing a bit with refilled batteries next week.
If this should be the case we might see $350 until the end of November.
I am thinking of the same thing too. We might see another push in the price after this weekend. It seems that it has settled down for a while right now.
I might take a small profit soon but I'm not calling this run quits just yet
So we've been in a massive uptrend this previous weeks but it seems that the rocket ship has ran out of fuel for a while. China broke the $350 barrier which Western exchanges can't.
Do you think we have a chance to break it by November or nah? What are your predictions?
Do you think we have a chance to break it by November or nah? What are your predictions?
First I wanna hold the $300. At the moment it looks good. Hope we stay strong at this weekend and can continue climbing a bit with refilled batteries next week.
If this should be the case we might see $350 until the end of November.
Could be possible, because the value of 1 BTC was around 350 for a while before dropping.
Now the value of Bitcoin is going back up to where it was.
Now the value of Bitcoin is going back up to where it was.
In my opinion, either $350 or $400 is the new barrier, depending on how the hodlers feel. I think it is clear that this surge past $300 has established that price as the new floor going forward, now we just need to see where everyone needs to cash out. $350 is not nearly as significant a number as $300 or $400, so we might see $400 as the actual barrier (granted we may not reach the barrier still).
I'm not as optimistic (though not really pessimistic either, and I will still keep on holding as much as I can, whenever I can): despite a number of good news, the uptrend seems to have lost most of its steam, so I expect the price to now start dropping a bit in the next few weeks (at least down to $280; possibly a little below), as speculators start to take hold again. After that, we'll perhaps be stuck between $280 and $320 for a couple of months, unless some surprising news hits.
I suppose that's possible, but $300 is a huge number psychologically. Over the past several months, we have seen the price hit $300 time and time again, only to drop in response to sell outs. This was the first time it surpassed $300, and has continued to surge. Although the surge appears to be over, I firmly believe $300 is going to become a new purchasing point for traders.
In my opinion, either $350 or $400 is the new barrier, depending on how the hodlers feel. I think it is clear that this surge past $300 has established that price as the new floor going forward, now we just need to see where everyone needs to cash out. $350 is not nearly as significant a number as $300 or $400, so we might see $400 as the actual barrier (granted we may not reach the barrier still).
Since we can't really tackle $350 right now, it's just about right to call it as a barrier for now. If we managed to get past it in a few weeks time (assuming that this rocket still has some fuel and the performance today is just due to being a weekend), I don't see why we won't manage to hit $400 as well.
It is, until it is broken and left behind forever.
Like all other barriers from before
Like all other barriers from before
In my opinion, either $350 or $400 is the new barrier, depending on how the hodlers feel. I think it is clear that this surge past $300 has established that price as the new floor going forward, now we just need to see where everyone needs to cash out. $350 is not nearly as significant a number as $300 or $400, so we might see $400 as the actual barrier (granted we may not reach the barrier still).
I'm not as optimistic (though not really pessimistic either, and I will still keep on holding as much as I can, whenever I can): despite a number of good news, the uptrend seems to have lost most of its steam, so I expect the price to now start dropping a bit in the next few weeks (at least down to $280; possibly a little below), as speculators start to take hold again. After that, we'll perhaps be stuck between $280 and $320 for a couple of months, unless some surprising news hits.
In my opinion, either $350 or $400 is the new barrier, depending on how the hodlers feel. I think it is clear that this surge past $300 has established that price as the new floor going forward, now we just need to see where everyone needs to cash out. $350 is not nearly as significant a number as $300 or $400, so we might see $400 as the actual barrier (granted we may not reach the barrier still).
So we've been in a massive uptrend this previous weeks but it seems that the rocket ship has ran out of fuel for a while. China broke the $350 barrier which Western exchanges can't.
Do you think we have a chance to break it by November or nah? What are your predictions?
Do you think we have a chance to break it by November or nah? What are your predictions?
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