What you should ask is, if we go to 300 will miners go broke and the whole system collapse? I had a dream it went to 480 though...

What (more) did Bitcoin achieve – coalescence of the community into a GFN

http://www.coinscrum.com/2015/12/14/what-more-did-bitcoin-achieve-coalescence-of-the-community-into-a-gfn/

An under-appreciated but perhaps even more interesting thing that Satoshi Nakamoto achieved is this: Bitcoin has coalesced the financial cryptography community – and many other communities – around a single concept, a single code base, a single money and a single blockchain.

Here is what i think is happening now

 think $750 was the $780 support holding through a long wick. And we have been gradually clawing back to $900. $835 -$840 is cruciaal too

The ongoing low to $810 possibly $800 is a quest to find a higher higher ie  $751, $774, $800? then perhaps a long candle pop past $835

Its why i am still in a position on bit-sim trader. I got in at $785, with a sell limit at $835 , But the consequent $751 lower later almost spooked me, but i held on.  This was a classic double bottom. It is a very important emotional feel to go through to learn how to hold through it in another trade/setting.



*Ramblings*

This is interesting and makes sense. Basically back to where we should be before the excitement and dump. Business as usual.

Important to note that you can draw that from every major resistance turned support since BTC turned bullish again in 2015. that's just BTC confirming its uptrend again and again.

How can "good analyses" on "speculative" numbers be of any use?

Beijing Now Controls the Price of Bitcoin

https://www.deepdotweb.com/2017/01/16/bitcoin-price-analysis-january-16-2016/