It gives more confidence isnt it. Merchants and shoppers like stable prices, instead of huge volatility.
I would also like it bitcoin would have a stable growth, but only after it reaches more than 10,000$
Perhaps. I do think that if we do drop down to a lower volume but maintain this price level we can be sure that it has stabilised for now and is unlikely to drop back down to the $200s, so I'm actually quite looking forward to the volume dropping more as long as the price remains the same! It has so far
If price stays at this level for long time may another few weeks then most likely prices will not go back to 200+ range. But without stabilizing at this level again prices move up then more likely prices will fall back because their is no strong foundation for prices to go up so much at shot. But last few days prices around 380 range not going either down or up from that level.