Remember when we were trading for 1000 dollars. Seemingly no big bad news were out at that time. And people were blinded by going to the moon telling.
Then china came with its ban, mtgox is practically dead and bitcoin is being regulated all over the world and rejected by most banks.
We wont be back at 1000dollars unless some big news come out OR unless enough time has passed for the mainstream to pick up on bitcoin which naturally will probably take a year or two.
Conclusion: we will flow at 500-700dollars this year and it will not be known as the year of bitcoin but rather as the year of consolidation.
There has been a tonne of good news over the passed few months. Currently we're riding the speculation train on the Gox is dying track. Once the death is over, the funeral has ocurred, and we all go back to our regular lives everything will be just fine.
I think that thinking Gox is the reason bitcoin is lower is wishful thinking.
Trust me the gox problems are priced in, everyone knows for a long time that gox was problems and what ever happens at this point will be looked at as a good thing.
Lets face it, gox goes out of business, that is a good thing for bitcoin, price will go up.
If Gox gets back to normal that that is also a good thing for bitcoin, price will go up.
I think Gox has helped the bitcoin price stay higher by its artificially high prices. People would think their bitcoin was worth more than it was and wouldn't sell them on another exchange.
