Seems the first attack on the 265-70 resistance failed. But the price is holding pretty good so far. Let's see if 250 can be held, then the prospects for July are great ...
Nevertheless, I voted for a July top of less than 300. I think it will reach again the levels of about 270, and maybe a little higher, but not much more. Black swan events not taken into account
Nevertheless, I voted for a July top of less than 300. I think it will reach again the levels of about 270, and maybe a little higher, but not much more. Black swan events not taken into account
The Mt Gox court case will conclude sometime and either the Bitcoins get returned or the court orders them to be sold so cash can be returned instead. I doubt it will be over by the end of July but if the court orders a crazy dump it will crash the price. I think they have some rule in Japan that you have to sell an asset and return cash.
One of only a few decent attempts at FUD there are left to seriously dent the price now the downtrend line has been breached.
You better shout louder :p
I think we are looking at different charts. The latest bulltrap was a fake breakout on low volume and has confirmed the downtrend....
. Looks like we're holding the 250's pretty strongly. I have no idea what the price is going to do in the short to medium term. If I had to try & predict something I'd say we could enter another period of sideways, maybe ranging between 240-270 for a few months now. Stability is good, I'll accept that to be honest, then we can start the next surge upwards. Hopefully breach 300 by the end of summer which will set us up nicely with a number of positive price changing possibilities in 2016.
