Just broke $266, which was the high of wave 3. This is significant for psychological reasons
And yet, in my estimation, and the coming mean-reversion bounces notwithstanding, the bear market in Bitcoin is just getting started
It would be significant if MtGox weren't almost completely decoupled from the wider market.
Indeed. MtGox is not representative of BTC prices anymore, even moreso than when they had their +20% premium on the upside.
Who actually lost wealth on mtgox's BTC/USD price going down except for MtGox users? Coinbase, Bitpay etc. do not use MtGox prices, apart from other exchanges.