I see a price rise next week due to the large amount of money that is currently on its way to exchanges after the price fall last night, people want to buy in at these low prices and that will push the price back up.
Has anyone considered that 20,000 new accounts waiting to be verified may be 20,000 people with BTC they want to sell and withdraw the fiat from?
No, I don't think people are considering that, but that's what's being reflected in the charts right now. We're seeing what we used to call "the orderbook flipping", which is to say that the asks are aggressively piling up while the bids thin way out. It looks like a ton of money took a hike. A week from now things are going to look very dismal (if you can't see it already) for prospects of going over $200 for a very, very long time. It would now take over $6m to get back to the all time high, which is about as much as left the bids side over the past 48 hours. Some of that $6m was just cashed out and won't be coming back. Another good chunk of it was already spent in the bouncing around of the past 12 hours. New all time highs are completely out of the question.
You had me a little worried until I saw your name, proudhon