I just want to note that it is now 9000btc to get to $90. Before the sell down from $100 it was only 5000-5500 to get to $90.
At this point that makes it even more likely we get there. IMO the only way for the bulls to turn this around is a bunch of market orders to 160.
All the big fish which hadn't enough liquidity during the crash will jump at the opportunity once the bids stopped accumulating close to market price.
you really do talk a lot of nonsense
Now, why would you think that, I am merely expressing my opinion. That is to say once a trend has been established it is very difficult to break it.
That is also, that I have, despite my bearish attitude never spoke out against the uptrend after we broke the previous ATH until the bubble popped.
In a sense, what I am saying is that the selloff will overshoot too.
That is certainly a possibility...
Consider this: Current "market valuation" is > 1.2 Billion USD.
There is roughly $10M between us, now, and 30 USD/BTC.
All it takes is for one thousand people to claim $10K each,
or for 10 000 people claim $1000 each, we land < 30 USD /BTC.
Even worse, there is but $13M between us, now, and $0.0001/BTC.
Most of you have never seen Bitcoin in a bear market.
Better hope Gox doesn't lag out again.