Thursday, January 31, 2013

Bitcoin Hits $20.50/BTC, Continues Climbing

Well, that didn't take very long. $120,000 of Bitcoins were rapidly purchased on the Mt.Gox USD exchange, breaking down the ask wall at $20 and pushing Bitcoin over the $20 mark for the first time since the July 2011 bubble. Resistance beyond $20 is minimal, which will likely lead to a spike into the high-twenties before trading settles down again.

(chart courtesy of bitcoin.clarkmoody.com)

2 comments:

  1. That didn't require daily trading volume that was really all that significant even.

    It sucks selling thinking there will be a pause or setback only to have to buy back a little higher even.

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  2. BTC only went up because of avalon only accepting BTC batch #2 preorders. Everyone seeing the first unit up and running and all...

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