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RE: Bitcoin Technical Analysis - 1/5/17 - Crashing from 1166 to 851?!?!
Wow, this got within around 7 dollars of the price of one ounce of gold then plummetted. Is this a coencidence?
Wow, this got within around 7 dollars of the price of one ounce of gold then plummetted. Is this a coencidence?
It actually exceeded gold parity in China by nearly $100.
There was a confluence of significant values all near each other.
$1000 in USD, 1000 in Euro, 8888 in yuan, the chinese all time highs, the US all time highs, and of course, parity with gold.
We exceeded all of those except the all time highs on US exchanges.
In the rally of late 2013, we hit exactly gold parity.
On top of all those things, you can see that 1163 was the exact top of a trendline we've been following for months - that is drawn in the video linked to above.
...I don't personally believe the price we hit before we crashed was a coincidence.