Krach

Bitcoin Black Friday - Does Bitcoin Dump on Black Friday

BITSTAMP:BTCUSD   Bitcoin / Dollar
114 6 2
These charts will show us the the 2015, 2014 and 2013 Black Fridays. There are a lot of things on sale if you buy them with bitcoin . Legend has it that merchants then need to sell a lot of bitcoin that they took in on the sales.
2013 - Price went up through bitcoin black Friday to the all time high, only to sell off violently shortly afterwards.
2014 - Price sold off into black Friday only to bounce and close higher than open
2015 - After 2015 highs of over 500$ the price has found support over 300$ will Friday be a breakout day to the up or downside?

*Bitcoin continues to go up even thought the USD Index is having a big rally, also keep in mind there are more bitcoins on the market than in 2013 and 2014 due to mining.
Krach
a year ago
2014
Bitcoin Black Friday 2014 - Sold off, but closed higher
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Krach
a year ago
2013
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Krach Krach
a year ago
Bitcoin Black Friday 2013 - Did merchants start the dump ?
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_TM3K_ PRO
a year ago
What if they choose to sell OTC in order to preserve the value?
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Krach _TM3K_
a year ago
I donno, IMO I dont think the sales of the merchants has an impact, but rather the perception that merchants are selling or going to sell.
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_TM3K_ PRO Krach
a year ago
I agree, but with the current bullish daily candle i wouldnt be surprised by the opposite to get people encouraged to spend coin due to higher value because "its different this time"
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