Bitcoin Low at $88

Bitcoin broke $90 earlier with a trough of $88 before climbing back to $91, situation is still very uncertain at the moment.  But from what I see, there are far more buyers than sellers.   I guess the worse is over.  But we need to monitor.  Bitcoin is extremely volatile due to the small size of its economy and relatively few users still.   We need to strengthen our Bitcoin community and encourage more transactions using Bitcoin and also raise the awareness of Bitcoin before the price can stabilize.

Bitcoin Broke $100

Bitcoin broke $100 at the current pricing of $99.26001 on heavy volume 65,655.69.  This is really not a good sign :( .  Analysis of the Buy and Sell order really do not detect any good support lines.

Bitcoin Crash to $100

Goodness I saw it at $109 in the morning and now the price is $100, in the morning there are still pillars of 20 000 coins to support the prices.  Now looking at the graphs the Walls all but disappears.   Instead we are looking at Sell Walls of about 5000 coins each at $120 and $130.  Support levels only at $98.10 with 4000 coins.   Are we looking at a crash?

Bitcoin 9 Jun 2013

The current Bitcoin price is $108.39999 with an average of $109.02 for the last 24 hours.   Prices are about $1 off from yesterday.  Volume stands at 18936.28.  This is low volume.   We can see a buy order of about 18000 at $106.18 hopefully this supports the Bitcoin prices.

Blocks    240493
Total BTC    11.262M
Difficulty    15605633
Estimated    17248209 in 1427 blks
Network total    149.451 Thash/s
Blocks/hour    8.03 / 448 s

Bitcoin 8 Jun 2013

The current Bitcoin price is $110.99998 with an average of $112.85 for the last 24 hours.   Prices fall back to nearly $110, a large drop from yesterday.  Volume stands at 74975.00.   This is about 3.5 times that of yesterday, heavy volume with such drop in prices isn't good.

Blocks    240315
Total BTC    11.258M
Difficulty    15605633
Estimated    16670327 in 1605 blks
Network total    136.609 Thash/s
Blocks/hour    7.34 / 491 s

Bitcoin Price Drop 7 Jun 2013

Bitcoin has been on the downward slope for about two weeks going down from about $130 to $110, I don't see much bad news in fact a lot of positive factors instead.  I guess the drop is due to speculation.   Hopefully everyone hold their breathe, do not panic and sell!

Bitcoin 7 Jun 2013

The current Bitcoin price is $119 with an average of $119.60 for the last 24 hours.   Prices fall back below $120 again.  Volume stands at 22 767.66.

Blocks    240163
Total BTC    11.254M
Difficulty    15605633
Estimated    16389987 in 1757 blks
Network total    134.513 Thash/s
Blocks/hour    7.22 / 498 s