It's the weekend beginning. We are at $207 (BFX). Let the crashes begin!!! I think we won't crash as big as recently, but min-crashes are incoming. The question is how fast can we recover?
By Monday, I say we'll be seeing $150.
We did crash to about $190 level over the weekend; however, we DID recover to over $210 currently. I was wrong to speculate $150 by Monday. I got carried away, after saying "mini-crashes" were going to happen.
Now the question is, "Will $210 hold this week?"
I'd say we will slowly decline to $200 by Friday, January 23, 2015.
we will likely trade in this range for weeks just like we did when we hit $300 until the next leg lower.
any kind of big rallies has been met with instant smash downs back to the lower levels.
we seen this happen recently when bitcoin rocketed up to 450 and was immediately smashed back down.
btc is being held at these lower levels by (dare i say it) manipulation .
the process seems eerily similar to the pm smash downs and caps.
"swiss central bank depegs the franc from the euro ..
the Dow Jones sinks over 2%, while silver went up 7% and gold went up 4.5%:"
bitcoin being in it's own world is.....down." --- aztecminer
because of this right here i believe that pm's is a better and safer place to put money.
the eu is in process of diving into another recession due to the russian sanctions ..
the eu is preparing to do more QE printing ..
the us dollar is raging @ATH's and looking back in hind site the usd ALWAYS crashes back down.
we are in the midst of a developing currency crisis and bitcoin aint doing shiat .
totally disconnected from reality and market forces.
amazon could accept bitcoin and NADA we would trade sideways.
http://www.valuewalk.com/2015/01/swiss-bank-currency-war/