Topic: When will the btc cross 600?? (Read 4372 times)

I predict we will wait one week from today to break the $700 wall.
It's growing too fast, it has to stabilize a bit before going up again, but I wrote the same thing when we were at 580$...

The next question is when will bitcoin cross $700?

excellent finding ! congrats keithers !

It's at $617 now at preev



And I sold some of mine at $560 I thought it would be coming down but it went up and I think it will cross $700 soon.

Good upload, cheers Keith 

I'm a geo, used to work several gold projects - market defo took massive hit last year+ from up's ~$1800/troyOz

Our Au standard is debatable, personally would like to see it rise again, so that I can do some more exploration work. But I do think BTC is Gold 2.0

this is also why bitcoin can easily skyrocket beyond even our wildest speculations. At some point only a handful of bitcoins will be sold because everyone realizes their value. So maybe less than 0.1% of all bitcoins will be traded on exchanges and the value of all bitcoins will be extremely high because there's such a shortage.

Here is an article that talks about breaking the $600 level and also a comparison to gold



http://www.cityindex.co.uk/market-analysis/market-news/29846792014/bitcoin-regains-600-gold-below-1250/

    Nice one Mr YIPYIP!     Remember the track when I was a kid    Yazz lol

Perfect 80's Bitcoin anthem - Will Hold On large offline stack for sure.


Everyone's got own style - but you are a TA guru in my book - wtf's going on with LTC? Remember you saying you had 60-65% holdings in LTC, the price % used to track BTC very closely but hasn't seemed to rise? (yet   )

This is how market caps work. They aren't a very accurate price for either buying or selling all outstanding units.

Oh and it's 21M not 12M (I know you mean the mined Bitcoins but don't discriminate between a mined and not-yet-mined Bitcoin please)

curious how a tiny 10,000 btc volume can tell the price of the rest 12+ millions  

I wonder what would be the volume of localbitcoins.. and other offline or local methods of trading.

There seems to be a lot of resistance at that 600 level. That seems to be the key to truly turning this market around. So who will be buying btc when the price hits 595? anyone?

Os bancos nos EUA abrem hoje, ontem era feriado.. em 36h U$600+


Banks are open in USA... 36h for U$600+

Won't get to $600 until couple of weeks time I guess.

I'm down with that - to the moon brother 

Though that reporter seems to be scarily right - so his predicted $520 range might happen first

Well the first one is not actually mine - I just think it needs to be shown more.

And both charts support each other - we have broken the down trend and the underlying long-term trend is on track to take us to the moon

   Cheers bud, prefer your 2nd chart!

I'm not smart enough to do TA, but that guy seems to right a lot of the time, for some reason?

Hope he is wrong for once and it's just a mini correction, then rapid breach to $650 range

Here are some no bull-shit charts:




We are in a bull market now.

This dude reckons we will retrace back to $520 wft!!

You guys agree?

Funny that the writer had this article fully prepared, as soon as 900BTC dumped on BStamp he published on site

Here's the reason why:

http://www.cryptocoinsnews.com/news/bitcoin-technical-analysis-price-reversal-due/2014/05/27



Bitcoin Technical Analysis reveals that the uptrend is about to reverse from current levels. An exuberant breakout has fizzled out and lost critical momentum. Last week’s article warned of a bull trap in the making. If the ensuing downturn is merely a correction, advance may return with a vengeance, but if large market players again fail to participate, matters look different.
Takeaway

Traders and investors should brace themselves for a strong price reversal. The advance is losing momentum. Indicators signal overbought conditions and declining volume speaks of a lack of wider participation. Price will reverse from current levels around $600 and may retrace at least 50% of the advance to $520. The notion of complete retracement and resumption of the decline remains alive.
Comparison with Previous Advance

The Bitstamp Daily chart shows price action since March 2012. The powerful advance that began in October is supported by comparable behavior of the momentum indicator, MACD, at the bottom of the chart. On each successive higher high indicated by MACD, price can be seen making an equivalent higher high. This synchronized action between price and indicator clears the way for advance and the outcome is evident in the November all time high.

On the right of the chart, the current advance can be seen making a local high, but it is still a lower high in comparison to some of the peaks formed during the decline. However, according to the momentum indicator, price has risen to the equivalent of a MACD peak in January – but price is nowhere near this peak on the actual chart. This phenomenon is called “reverse divergence” (or “hidden divergence“) and is annotated by the red lines connecting the apparent higher highs.


As is ordinarily the case, trade volume has steadily declined during the course of the downtrend from the November high. What is not “ordinary” is the fact that a supposed “breakout” has advanced on record low volume. Notice how the first surge of the advance in October 2012 was accompanied by higher volume than the current advance – and that during a time when Bitcoin adoption and participation was at lower levels than the penetration achieved today.

Lack of volume during (and following) a breakout implies that participation in the move is not wide. Either a few players with large holdings had moved the market, or many smaller pockets had thrown their holdings at the exchanges while the large players sat on their hands. You don’t need a degree in cryptography to see which scenario had been the case.
Bitstamp Targets

Looking at the price charts across all exchanges, Bitstamp and BTC-e, strangely, exhibit unclear charts. BTCChina and Bitfinex charts more clearly show price in an ending diagonal at the present stage of trend.

As the 4 hourly chart below illustrates, Bitcoin price is approaching yet another descending trendline (red) – and this one may prove to be the advance’s nemesis. Regular Divergence is indicated by the two pink lines on the chart and the accompanying MACD indicator (bottom). Although regular divergence can compound multiple times, the occurrence of this divergence in tandem with a reverse divergence signal on the daily chart is an alarm bell.


Readers will notice that the Elliott Wave count has the current advance as price going “up in a correction“. Should this turn out to be the case, then the same downside targets apply as stated in previous articles.

Should the advance prove to be real – and having started with a three wave structure  (label A from $340) for good reason, then we can expect a decline to at least 50% of the recent wave up. The primary target is at $520. That would conceivably print wave 2 (or part thereof) before further advance. However, a market bottom in wave E at $270 remains the preferred target.

Looks to me like 600 is the new 500... we seem to be struggling to break through.