How could the price shoot up from around 70 to 135 when the fundamentals could not be worse - bitcoin-24 halted, bitfloor shuts down and blockchain was down? Could people really rally because of that article about Western Union on fox?
I hold a diametrically opposed view.
It might be selective perception, but I see mainly good news and especially news with wide reach to untapped reservoirs.
Some examples (I could never give a complete list, no way to keep track of everything any more)
- Jeff Berwick constantly on TV in the states promoting bitcoin and his ATM. Great story!
- Max Keiser everywhere he is (Alex Jones, Russia Today,...) promoting bitcoin.
- James Turk and other metal dudes seemingly coming around.
- More generally: Mainstream TV coverage (e.g. colbert report), print coverage (I see german print media as an example falling over themselves trying to get a grasp on bitcoin). And not even negative at all despite the shit that happened (fork, mtgox engine lag, crash, bitfloor shutdown).
How could the price not shoot back up? We're not in a bear market. We suffered a very panic-driven hard over-correction and the rebound will be rather quick. Then we'll shoot past 266 to 450ish. Much quicker than most seem to think. My guess is In May or June.
Bitcoin is fundamentally a good thing and people know it.