Topic: Looks like the 13.5 bid wall is holding up. But for how long? - page 4. (Read 4986 times)
You want the price to be lower...?
Looks like bitcoin finally broke through the $14 barrier, and it is holding long enough in the $13 barrier long enough to test that $13.5 dollar bid wall and set a new psychological price of $13 a bitcoin.
The bid wall has fallen from over 10,000 bitcoins to 7,000. But it is obviously not a fake bid wall as it has not disappeared and is still holding strong. Who ever is buying so many bitcoins at $13.5 is taking a huge risk as I think that once that bid wall is sold we will be testing the $12 pricing soon. Maybe one last gamble by someone to keep the bitcoin price artificially high? I think that this 13.5 bidwall may hold for a few days and we should see $12 pricing by Sunday/Monday.
It seems the price will not shoot up to $14 range easily as there are many sell orders between 13.9 and 13.95.
This is my take on the current bitcoin price and where it is going. Please share what you think and what you think about that $13.5 bidwall and how long it will hold up?
The bid wall has fallen from over 10,000 bitcoins to 7,000. But it is obviously not a fake bid wall as it has not disappeared and is still holding strong. Who ever is buying so many bitcoins at $13.5 is taking a huge risk as I think that once that bid wall is sold we will be testing the $12 pricing soon. Maybe one last gamble by someone to keep the bitcoin price artificially high? I think that this 13.5 bidwall may hold for a few days and we should see $12 pricing by Sunday/Monday.
It seems the price will not shoot up to $14 range easily as there are many sell orders between 13.9 and 13.95.
This is my take on the current bitcoin price and where it is going. Please share what you think and what you think about that $13.5 bidwall and how long it will hold up?
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