I don't think we should get too excited yet. Give it a couple of weeks and the price will likely be back down to where it was though I hope I;m wrong. Can't see it going back to anywhere near $1000 either anytime soon. Think we'll probably ave to wait a couple of years to see those sorts of figures again.
There seems to be some strength behind this push upwards.
So I am hopeful that we will cross $300 soon and stay there.
I think we will hang around $300 for a bit. I don't believe we will go back as low as $220s as much as I don't believe we will just shoot up to a $1,000.
It wouldn't be bad at all to break through this $300 and then to format a new, strong floor out of this $300 level.
Expecting a plateau @~300 for another 3 to 4 month.