Big rises have yet to backfill. In order for the $1000+ high to fill, it would have to drop below $300, possibly as low as ~$160 before the trend reverses.
Of course growth rates may be enough to keep that from happening. If the ~$400-430 range holds through the supposed China deadline and the big investments start drawing in new usage, we could easily be headed back to the moon.
In short, April is going to be a pivotal month for Bitcoin (and gold, silver, bonds, nearly everything else). I think if a collapse doesn't happen here, we'll know whether Bitcoin will truly thrive by late 3rd to 4th quarter this year.
April is over. How'd we do?
