Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19144. (Read 26608194 times)

We gotta take bitcoin prices, one step at a time.  We are in a pretty decent "paralyzed" price range at the moment, especially, if you consider where we were 1 year ago... or even if you consider where we were 3 years ago (now, 2 years ago is another story... hahahahahaha)

Anyhow, back on point>>>> If prices go above $467, then to me it seems pretty likely we are going to break past $500, and if we break past $500, then likely the next major resistance point would be between $550 and $650; however, I am not willing to suggest that we are out of the $400s, even if we were to break into the $500s in the next few weeks.

As far as the downside,  $350 does seem like a pretty strong support level, so at this time, it would take a pretty sizeable amount of FUD to convince people to sell below that price point..... Upper $300s is in striking distance, but even that doesn't seem so likely at the moment...... given our paralysis that currently is largely between $416 and $440 (hovering in the upper end at the moment, and cannot really complain about that - unless you are a Mr. Aztec type or a BJA type or some other whiner that is trying to find reasons to complain).  


Edit:  On a side note, even some of the bears seem a bit more cheerful lately with rising prices... so possibly, the solution to a lot of the various whining is to bring up the price past $555 in order that we can experience a kind of Kumbaya moment.