Why don't more people discuss that Cyprus was announced on March 17th when BTC was at $50.  This was when the insane push up happened.  People in Spain and Cyprus were moving money in BTC because they were freaking out.  There were quite a number of news stories that showed this.  Now that those people have sold and moved on they will not be coming back.  I expect $30-$50 BTC by tomorrow and probably some new crazy event in the next year driving up another huge bubble where I will sell off again.

Edit: The drive to $50 was getting out of hand and it was going sideways.  I suspected a downward correction at that time but was prepared to hold it.  The only thing that changed that was March 17th.  I sold at $230 on Tuesday night after the last run-up.  People keep using stock charts to predict a beta currency.  There are other factors than trend lines at work here and a lot of money is either cashed in or lost now.  Don't hold your breath waiting for $200 to come back or you might not make it there.