This is a short term view of the last 25 days, BTC/USD completed as expected the rebound up to ~11.30$ and this week market kissed again that level without success, i think it will remain under it for the remaining part of this week and probably also the next one.
Price range forecast is 9.70$-11.60$, as you know I think that there are chance to see this market going down to 7$ 8$ but before it has to go under 9.70$ with a strong selling activity. For the time being i stay out from this market, i’ll abandon my bearish view of the market only if i see a strong break out of 11.60$ level.
For this week end i expect to see a modest drop down to 10.5$, eventually 10.2$.
Good call Enky, i’ve sold my bitcoins at 11.2$ and i’ve bought again at 10.4 $$
i hope to sell again at 11.2$$
Yeah, nice market call, i’m bearish too on the short term, i’m not buying.
Do you still think it will drop to 10.50 usd?
I just sold my BTC @ 11.16, I’ve been thinking we should be due a good down swing. Hopefully a good call all round.
Silk Road has just gone up again right now – its been down for 4-5 days, I’m expecting heavy buying over the next 24hrs!