Today was the first day in a week where a big wall on OKCoin was bought in a few bites instead of causing downward pressure.
If this was not the bottom for now.. I'd be surprised.
I think there is too much TA talk of the importance of the 550/540$ breach. It takes only one big announcement to get this rocket going again.
Really? I feel like we are constantly getting really good news, and no rally ever to be found. Now Braintree looks to be a test bed for Paypal to start accepting bitcoin. Annnnnd bet you we're gonna drop.......
Coinbase in talks with some ebay subsidiary is just not that big of a news. It is just not final enough to function as a viral news segment which attracts more users.
A year ago every bit of good and bad news made the price move. IMO that was only the case because Bitcoin's potential was not factored into the price. This changed with the run up to 1200$. Now Bitcoin has landed and is beeing adopted by so so many companies. A year ago it was all HACKERMONEY here DRUGMONEY there. Today you can allmost buy anything with it and it's backed by big tech savvy names.
Changetip on all the social media stuff. Big progress in bringing Wallstreet into the game. More & safer exchanges. BTC ATMs all over the world. Millions of $ / € / Yuan on the sidelines with a 1200$ peak in mind.
~ 500$ sounds like a good entry to me.