Wednesday, January 30, 2013

Attention Bitcoin Traders: $20 is About to Fall!

Looking at the Mt.Gox USD market depth, it is clearly evident that the $20 barrier is about to fall as Bitcoin surges toward the all-time high of $31/BTC. The Mt.Gox Live picture says it all:


(Chart courtesy of Mt.Gox Live)


Taking a wider view of market depth, it's apparent that the amount of money sitting on the bid side is ready to overwhelm the Bitcoin market. Expect a run into the mid-twenties in the near future. Happy trading!


(Chart courtesy of Bitcoin Charts)

4 comments:

  1. Plausible.. but I wouldn't bet a Bitcoin on it happening this week.

    ReplyDelete
    Replies
    1. I should've taken you up on that bet.

      Delete
  2. And boom, there it went.

    ReplyDelete
    Replies
    1. Scratch that, that was a trade on a different exchange.

      Delete

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