3. We just broke the 100 EUR barrier!
Many US-based traders tend to overlook Europe, a second major player in this game and how Bitcoin price tends to bounce off or stick to the round figures in EUR:
ATH being so close to 200 EUR
The biggest (so far) rally had a short-term correction around 100 EUR
May 2013 plateau around 100 EUR
It seems that the mythical "whale" is Euro-based!
Where?
The only EU exchange that I know is bitstamp. And current bitstamp price is 95,09 euros / btc.
I was referring to Mt.Gox price.
Yeah, I know, you're gonna tell me that Gox isn't relevant anymore, but the truth is that everyone is still watching Gox prices very closely as a kind of referrence, even if not actually making transactions there. Mt.Gox still has the highest liquidity and market depth.
bitcoin.de -> 99.79 EUR/BTC
Having different people consider different exchanges as their "true" price indicator has one very interesting side effect:
Any strong resistance level (either a previous high or any round figure in a major currency) gets split into more less strong: one on Mt.Gox and some other on other exchanges. This makes it easier to break any such barrier as less momentum is required.