Massive dump incoming, price is stabilizing and no buyers...
Its amazing how there are no buyers, yet the price is going up.. bids keep filling to the lower postions.. 900 coin sell wall moved 200$ back... your right, nothing to see here, move along.
And it has done this many times before crashing in just the last 12 hrs. The price was about to fall through the floor with no sign of stopping - eating thousands of bitcoins in under a couple minutes. The only reason we are sitting here is because Gox engine failed. we have barely moved from the rebound spot.
Not that you may be wrong this time, but you were wrong yesterday. We did not follow the pattern back to about $1200 like you thought might be possible. Gox failures tend to bring on crashes, not stop them. Gox went offline for a day during the last crash, and when they came back online, the crash continued. That this dip didn't continue as soon as Gox came back means something. Far be it from me to predict what though, this is bitcoin after all. It's true that we did not rebound a lot. People are sitting on their money expecting lower prices. There is a LOT of money waiting for lower prices, or did Gox withdrawls start working?