We'll need to see what the new bottom will become, but I do beleive it will not be 220-240 range.
260-280 is my expectation for new bottom after a correction with teasing around 300 range before a full on bull run commences (unless we got lucky, and it is allready running mad).
Topic: Have we left $220-240 for good? (Read 1855 times)
I think yes, even with retraces we still won't reach $220 ever again. I just hope that this continues pushing forwards with strength. China is crazy for pulling such a stunt!
Yes, this is my main concern as well. China tends to reverse big time and this growth is a bit faster then I expected. Also it came sooner, much sooner then I expected.
I'm thinking that the bear market for almost two years is over and most bug bulls have finally come up with a decent stash. Right now is the time they'll push this through the roof. I feel sorry for the weak hands who left the scene at $500 levels that never bought back in cheaper prices if they found out that we are in a big push right now.
I think yes, even with retraces we still won't reach $220 ever again. I just hope that this continues pushing forwards with strength. China is crazy for pulling such a stunt!
Yes China is having a big hand with the recent price rally. I guess it would be good thing for bitcoin community for long term purposes when we considering the halving in few months going to happen. Like me many people has missed the buying price of $220 levels for more bitcoins.
I think yes, even with retraces we still won't reach $220 ever again. I just hope that this continues pushing forwards with strength. China is crazy for pulling such a stunt!
Yes, this is my main concern as well. China tends to reverse big time and this growth is a bit faster then I expected. Also it came sooner, much sooner then I expected.
I think yes, even with retraces we still won't reach $220 ever again. I just hope that this continues pushing forwards with strength. China is crazy for pulling such a stunt!
The answer is a definite YES. Say goodbye to 220-240. We just hit 330-350 (on huobi) and even if we fall again, nowhere near to 220 are to be expected.
Yes, again seeing $220 levels are not possible for bitcoin prices with respect to current market scenario. All the above the halving itself will end the price range of #220 levels. But luckily we get though that levels well in advance itself.
The answer is a definite YES. Say goodbye to 220-240. We just hit 330-350 (on huobi) and even if we fall again, nowhere near to 220 are to be expected.
Update the thread to $300 now, it is very near only few dollars left.
Bitstamp showed $298, but who knows it can be dumped again the price to $250
I think that now the price is pumped and soon will be back to the normal price.
Bitstamp showed $298, but who knows it can be dumped again the price to $250
I think that now the price is pumped and soon will be back to the normal price.
no...
220-240 has been a solid range for over a year. I really see us going back. The halving is to far off.
Update the thread to $300 now, it is very near only few dollars left.
Bitstamp showed $298, but who knows it can be dumped again the price to $250
I think that now the price is pumped and soon will be back to the normal price.
Bitstamp showed $298, but who knows it can be dumped again the price to $250
I think that now the price is pumped and soon will be back to the normal price.
240 is still not really "a thing of the past", so i wouldn't be surprised if we test bottom support at those levels again, but doubt there would be many
sellers, now that we are reaching 300 and over, many so far idle lurkers are stepping back into the game and investing speculatively.
Voted no, because like i said, the chances of retracement are slim at best.
sellers, now that we are reaching 300 and over, many so far idle lurkers are stepping back into the game and investing speculatively.
Voted no, because like i said, the chances of retracement are slim at best.
surprised we are 50/50 on vote
voted yes
voted yes
240 would be a rock solid floor if in case a crash happens. Tests like this could be done to see how would the market react. I have a feeling that once the top is in, a decrease towards 240 will happen before another run, this time it will continue to last until the halving.
i totally agree . the eu helped but it will need more recognizing by othersin what way did the eu help? the price advance is purely due to people buying coins to hold at least untill the block halving.
240 would be a rock solid floor if in case a crash happens. Tests like this could be done to see how would the market react. I have a feeling that once the top is in, a decrease towards 240 will happen before another run, this time it will continue to last until the halving.
i totally agree . the eu helped but it will need more recognizing by others
yes for the moment and i hope so
but we never know what happened to the bitcoin price in the future it could be back to $220 or less
but we never know what happened to the bitcoin price in the future it could be back to $220 or less
not yet. as long as we don't see the support is building up at the $300 level, i can't say for sure we won't fall back to the $220 level once again.
Doubt it. It's a well worn pattern by now and really not that far away from the present price. It would be crashingly dull if it happened but it shouldn't be surprising to anyone.
There is no such thing as 'for good' in the Bitcoin world. But with the good news in Europe making Bitcoin a currency and the halving next summer, the midterm trend should be up. Short term, either we will see a rally or as is usual, we will see a steady price increase, some major selling on Sunday, and more steady buying in on Monday/next week. In any case, we will all be back checking bitcoinity more often and check into the speculation forum as if this was 2011 or 2013.
240 would be a rock solid floor if in case a crash happens. Tests like this could be done to see how would the market react. I have a feeling that once the top is in, a decrease towards 240 will happen before another run, this time it will continue to last until the halving.
I still think it's possible to see the price take a few steps back, but more in the range of $230-$240 as ultimate low, unless a whale wants to dump a huge load of coins to cause panic.
I think we left them for good now 
The lowest possible price at situation like this is maybe 260
The price has been rising these past weeks and it's a good sign for Bitcoin
Maybe this has to do with Christmas coming in a few months
The lowest possible price at situation like this is maybe 260
The price has been rising these past weeks and it's a good sign for Bitcoin
Maybe this has to do with Christmas coming in a few months
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