For the price to remain the same, it means people (and institutions) are buying at least more than 12,000 BTC every single week.

I think many institutions are buying quietly before the next rally and before the next halving:

http://www.bitcoinblockhalf.com/

This is a great time to accumulate. The upside potential overweighs many times any downside risk. And with the stock market peaking, more money will start flowing into Bitcoin.

submitted by /u/simplelifestyle
[link] [comments]
Bitcoin – The Currency of the Internet

Bitcoin meets resistance at $12000, as Ripple scores a bounce

Bitcoin has been testing key resistance ahead of the $ 12,000 level, which it has failed at twice since late January. The first rejection saw the price tumble more than 50%, but with the second rejection much shallower, market technicians see a high likelihood of third campaign at that level. “Technically …
Google Alert – bitcoin

Bitcoin Today: Prices Climb Toward $12000 Amid Asian Regulation Developments

Renewed optimism in the future of South Korean regulation played a large part in bitcoin's Tuesday rally. South Korea Financial Supervisory Service Gov. Choe Heung-sik said the government will support cryptocurrency trading "if normal transactions are made," Yonhap News Agency reported.
Google Alert – bitcoin

Bitcoin surges above $12000 to record high on relentless demand

“It took a long time to establish the methodology and the way bitcoin was traded. The original appeal came from the fact they were unregulated. However it's clearly moved out of those shadows and into center stage,” said Mick McCarthy, CMC Markets' chief market strategist in Sydney. “We are in the …
Google Alert – bitcoin