Next Capitulation to occur between now and Mid April 2014.
Soon there after price will rise steadily to reach new ATH's by mid June 2014.
After that is all "CHOOOOOOOOO CHOOOOOOO".
Let the record show that the first half of Smoothie's prediction was right.
MtGox closing caused the price to drop to $400/BTC.
Good call Smoothie.
Assuming that was capitulation (seems like it probably was, but we're not going to know for sure just yet): good call indeed.
agreed, two months is too wide a range, we're in a major period of price discovery at the moment, and I expect we'll find capitulation within the next week. Two months is pretty much guaranteed.
Totally called it.
And you sir.
Real question now is how fast it will recover. Gox I think was largely priced in over the last few weeks. China pulling out made virtually no long-term dent in prices.
Anyone care to put a date on the next ATH?