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Topic: There has got to be a bottom soon? - page 4. (Read 4148 times)

legendary
Activity: 1652
Merit: 1057
bigtimespaghetti.com
January 30, 2015, 04:37:25 PM
#3
Double digits won't happen, there are way to many people waiting to buy at such price level.

Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from  ~$160 to over $300 in just a short time while it was nothing new and exciting.


The recent spike down and up seemed largely technical in nature rather than news driven to me.
legendary
Activity: 2170
Merit: 1427
January 30, 2015, 04:32:24 PM
#2
Double digits won't happen, there are way to many people waiting to buy at such price level.

Market is very unsure, really good news gets very low support while the coinbase news gets Bitcoin from  ~$160 to over $300 in just a short time while it was nothing new and exciting.
legendary
Activity: 1652
Merit: 1057
bigtimespaghetti.com
January 30, 2015, 04:26:11 PM
#1
sentiment is abysmal, the spec forum is overrun with bearish posts.

Perhaps one last washout when the bear market ends or... Smashes down into double digits? That will be some serious blood on the streets.

Doesn't loo like 200 will be our last stop down at the moment, but it seems perhaps this is a serious juncture in terms of cycle too.

Just writing some thoughts. keep level heads and powder dry!
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