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 21253876 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (68 posts by 16 users deleted.)
Marbit
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June 02, 2014, 11:07:34 AM

This rally is all about momentum and technical chart break out, not huge inflow of $$$.  If not enough fiat gets in to support the price, we are bound to test some support lines as longs which are maxed out  will have to close before they get squeezed.

I agree. Bitfinex longs didn't even drop on the breakdown -- they rose. And I was noticing the past couple weeks that much of the big buys on Stamp were through Bitfinex (very possibly on margin). This can't sustain forever. We need new money. Retail money.