Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21253259 times)
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Coinseeker
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June 08, 2013, 11:47:06 PM

The walls at 105-106 remain consistent but more noteably, the wall at 100 has not budged.  If we rip through 100, panic will probably set in and who knows where it stops.  But much like after the Dwolla news, there was tons of momentum heading into 100 and it just stopped.  If I'm betting and I am, I say we're going into double digits some time next week but, there is the possibility that we could bounce off 100 and see a rise back up to the 110-115 range.  It's possible.  

I think it will bounce, I don't see it going straight through $100.  That level will have to be tested once or twice at least.

Inclined to agree.  Anything is possible but I think this is a more likely scenario.  Much like we're seeing at 105-106.  If it bounces off for awhile then falls, the phycological break for many coming through 100, could be severe.  Could trigger a massive freefall.