I just don't see us ever hitting the double digits in the near term; it will be a slow climb to that point. Right now there are a lot of people with coins from mining that are only selling what they need to cover their power costs, which means around $2 per BTC is break-even. If the price hits $5, they're going to think, "better to sell now and make a healthy profit than to hold longer and end up back at $2." It will take something really big to overcome that IMO. But hey, what do I know? I know mine about 2BTC per day, so maybe the big miners are doing far better and are more bullish in their outlook?
To that comes there are still plenty of early adopters out there which still haven't sold out. And considering the smackdown from 3 was most likely cause by someone like that it will be very tempting for anybody else with a huge wallet. Now it could be that this someone had a special agenda, but who knows..
So in order for that not to happen we would need a massive media frenzy right about now....
The bad thing about this is: If that massive buywall is pulled out we would could drop again very quickly.
It really bugs me that there are a few people out there with that much control over the price.
Pretty much defies the purpose of a decentralized currency, well actually not that but the tendency for it not to change...
