What the hell kind of resistance is bitcoin hitting at exactly $ 1280?

What the hell kind of resistance is bitcoin hitting at exactly $ 1280?

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99bitcoins.com/why-is-china-ruling-the-bitcoin-trading-ecosystem-infographic/
coindesk.com/one-bitcoins-biggest-funds-selling-ahead-etf-decision/
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somebody is betting big for btc to stay under that certain amount.

you can bet money for btc to stay under 1280 for 7 days.

I think it's called "rationality"

That means there must be a reason bitcoin is hitting that very specific ceiling, which is exactly what I'm asking about with this thread.

In 3-4 hours bitcoin will be around its ATH and knocking at $1300.

I think bitcoin broke ATH days ago.

Yea thats the one I was talking about.

Whales want to accumulate as much sub 5 figures BTC as possible.

Whales want to hide the tendency to drop due to it's uselessness*

its called market manipulation and its going to fuck over all these small hobby coiners hard

but dont feel bad, if it gets approved it will fuck over millions of smucks as they pump it then the big guys dump it.

Who can elaborate on this?

The largest Bitcoin mining pool (AntPool) just mined a BU block.
Grab your popcorn, the next 24 hours are going to be interesting.

I'm not too into the technical side, but afaik Bitcoin Unlimited is a less elegant solution, but a more future-oriented solution than segwit.

A real whale could just scoop it all up the market
cap isn't that big..

It's manipulated by wealthy chinese member?

99bitcoins.com/why-is-china-ruling-the-bitcoin-trading-ecosystem-infographic/

...

Seg wit will be adopted, etf will pass, Bitcoin as we know it hits around $40,000 a few years down the road

I don't know why its at $1280, but its gone too high too fast. It will drop to meet the trend line.

do you have anything like this for Eth?

I just made that shit in paint in like 30 seconds. Don't take my word for it its just what I predict.

Made this for ETH but its not as simple as the BTC timeline, I don't really have an opinion on what ETH will do.

Also it could maintain its current price until it meets trend or Jump up even further due to this ETF thing.

>It will drop to meet the trend line.
Not before this ETF announcement.

Written in 2013

Wew lad are we going prehistoric?

Chinese yuan controls as much of the market as the dollar and yen do.

The Chinese 95% volume was artificially inflated, and the PBoC remedied the situation, pic related.

...and its dropped before the ETF.

Not to meet the trend line, not by a long shot.

This is pre-announcement speculation.

coindesk.com/one-bitcoins-biggest-funds-selling-ahead-etf-decision/

I'm holding on, ETF or not, it won't matter in the long run

>Not to meet the trend line, not by a long shot.

its not stopped yet.

Ok bro.