http://willyreport.wordpress.com/So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust these events may have contributed, but they certainly were not the main reason.
If this was the cause of the last 2 rallies, and the 234 days between them.. where does that leave us?
Makes me question if we will have another parabolic rise. Not that I would mind slow and steady appreciation either.
Any theory about a July rally because of the 234 days goes out the door. No longer valid.
Actually, 234 days since the last ATH is July 20th. So it's not out the door at all. Rather, it's right on schedule.