Anybody who realized just now this is really a bubble and 50 wasn't the bottom.
again, how can the bubble model account for the minibull to $160? nothing like this happened in June '11.
--arepo
The infamous anatomy of a bubble chart calls this Return to "normal"
i don't buy it.
looks more like 'final capitulation' to me, and a really bullish one at that. the market bottom is right now, and everyone's terrified on the sidelines. remember "bitcoin never crashes below its previous high?" that support at $120 is stronger than what's on the order book.
Look at the timescales involved. We barely tanked to the point of where hyperbolic growth started. And press interest & Google trends hasn't followed the price this time.
But I don't really care not that anybody accuses me of trying to talk the price down, for all I care we can go up past 266 and reach quadruple digits this year. But if that actually happens we are in for a even harder smackdown afterwards.