It hasn't stayed over $1000 entirely, but it's good to see the the price remain over $1000 for a while. People have to adapt to seeing the price at these levels as they were used to levels a few hundred $ lower. It will take time before people gain enough confidence to support these levels. I wouldn't be surprised if the price happens to fall back below $1000 again. Price range should be somewhere between $900 and $1100 in the coming weeks.
$200 is a very huge range even for bitcoin!
and price has been staying above $1000. the temporary mini dump that happened once or twice are just it, a mini dump and temporarily corrects itself. and as time passes while staying above $1000 this price support is becoming stronger.
and the range which we have right now is between $980 bottom and $1050
I look at the larger picture than just a few days. If you look closely at the buy orders at various exchanges then it's obvious that what can be considered an average dump can get the price below $1000 without any problems. I keep sticking to my $900-$1100 range for the coming weeks. After these weeks we'll see whether or not I was correct.
It hasn't stayed over $1000 entirely, but it's good to see the the price remain over $1000 for a while. People have to adapt to seeing the price at these levels as they were used to levels a few hundred $ lower. It will take time before people gain enough confidence to support these levels. I wouldn't be surprised if the price happens to fall back below $1000 again. Price range should be somewhere between $900 and $1100 in the coming weeks.
Look again. Bitcoin has been $1000+ since February 3, so that's 3 days in a row. They tried to crash the price below $1000 in several occasions (notice the sudden dips) and they failed to bring it below $1000, it was close but it quickly goes up again. $1000 is becoming the new floor.
If you discard the quick flashes below $1000 then we have indeed done well, but there is barely any serious support to prevent these flash dips to happen again. As long as that is the case I can't really consider $1000 to be a floor, or a floor in-the-making. If we manage to keep the price at these levels for a few weeks in a row, then we can slowly start thinking $1000 to be a floor. Maybe I am just too conservative.