Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14821. (Read 26709456 times)

bs thats likely fraud...you can even buy it on binance cheaper with tether
i just watched the exchange and it just haltet at 9000$ with amount: 0

big volume around 9k on finex. this will be interesting whether it can hold or not

Gox scam vs leveraged illiquid asset pump and dump scam.  Take your pick.

This might be the last shake. Down to ~8.5k probably.

*boom*

Who the f.ck is selling sub 9k Oo
Makes no sense to me

We have quite a different set of scenarios than we had in 2014 - so it is a bit more difficult to suggest that currently we are on the path of  BTC price performance that is analogous to 2014... you could be correct, but I don't think that the 2014 scenario quite applies to our current BTC situation   

A more likely scenario that I could see would be that we are in a kind of 2013 scenario, where the first rise in BTC prices is followed by a drop and then another rise in BTC prices.  Accordingly, we have achieved our first BTC price rise when prices went from $250 to $19,666.   Yet, these kind of analogies do not quite apply with any kind of exactness, so perhaps we would need to project our bouncing upwards point as starting at either $1k in early 2017 or more likely $2,600 starting off in August 2017, because I cannot see reasonable scenarios, in this particular seemingly ongoing Bull market that BTC prices are going below $5k (before we go back up), except perhaps a spike below $5k.  If we end up going below $5k for any kind of substantial time (other than a spike), then certainly my tune  (and assessment) would change, and I would thereafter consider that we are actually in a bear market as you suggest - but we cannot call a bear market merely because we are in about a 6 week price correction.. that is way too premature, even if you end up being correct about the ultimate playing out of the situation.

I will agree with you that if we substantially break $5k this time around, then $2.5k would likely be a next area of support and at that point, we would be in a bear market that is potentially extended out, like the one in 2014.  In this case, I think that the more likely scenario is a floor that is $7 or $8k, and perhaps a spike down to $5k or $6k, and we would still remain in a bull market with a decently long price correction. 

It does seem that a decent amount of support has been broken in the $10k territory, yet I still consider there is going to continue to be support for buying in the 4 digits, so if the price goes down, it is going to have to be on continued and ongoing volume and there is going to continue to be decent levels of support that continues all the way down to $7500.

Bernie Madoff explained it in his last words when they were hauling him away:  "The whole system is one big Ponzi".

It's a propellor overheat correction.

It'll hit around 8500 to 9000 and then start to work it's way back up to the spinner at around $13800 over a period of 3-4 weeks.