Regulation anxiety (assumed risk) has decreased significantly post-hearings..
With fresh blood and continued SecondMarket purchasing, I vote for up, up being more probable (though hopefully at a "Bitcoin slow" rate).
yeah, it's hard to really know what's up.. now moreso than the april bubble and bust. china's fervor has died down a bit, but the senate hearing changes the whole game. it gives the OK for major retailer to start accepting BTC. if we don't hear any big announcements within the next week or two, i think it might take a dip.
Big companies often move slowly.... I'm working with a few 100K+ employee companies, the decision process is 6 months plus. Then when the decision is made.... They won't even have the forms filled out to get some of their legal department's time allocated to the issue ahead of their PR department's draft cycle which is already backlogged for the Xmas selling season.
The Accounting departments are tied up with the end of year accounting and the quarterly reporting.
Any new development has to go through the marketing department which has to do a funding allocation request a quarter ahead and then the HR department has to get cleared to hire someone who knows something about what a bitcoin is, which then starts the interviewing process.
If you think that is going to happen in a "week or two", you might as well sell now.
If you see any announcements, it will be because they have been working on it for a year already.