but if the status quo currently keeps up and nothing happens... all the people sitting
with USD will eventually run out of patience and start buying. this will cause price
to creep up shortly.
+1
That said, I'd be quite surprised if it rocketed back up to $15. $15 is clearly resistance now, and I wouldn't be super quick to jump back in head first at $11 or whatever. The 50% retracement was pretty gut-wrenching, and it will probably need time to oscillate/consolidate for a while before it can truly break out.