How many times does it need to be confirmed before the bears realise that the panic is over, and now the buying pressure has overcome all the pathetic selling forces that are left. Bitcoins are undervalued.
I scanned through this thread pretty well not reading any posts until I found someone with a track record of balanced and analytical posts. I found just you. I would like to inform you however that the panic is not over, and Bitcoin is not undervalued. I believe that the market is due another leg up where it will retest the long term descending right angled triangle, and for this reason, I am currently long Bitcoin. But looking further ahead, than the next few days, the news around about Bitcoin right now is horrible, and whilst I understand that MSM hype or negativity is the ultimate in contrarian indicators, there is also this issue of masses of stolen, Chinese, and newly mined coins that are looking to cash out.
Once $380 support fails, then this will instigate a massive psychological change in the market, turning formerly strong hands to weak hands. Then the Bitcoin market will get to know all about despair. I said before, I reckon the $200 range lies ahead in the not too distant future. Quote me for truth if you like.