d5000
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July 26, 2015, 07:53:41 PM

So what is the concensus now?

Is this a consolidation followed by renewed shorting and a further bear market, is it consolidation moving into renewed interest and the beginning of a push to new ath, or is it just business as usual with continued oscillation around 250-300?

I am thinking this is the beginning of accumulation leading into the next halving...  as the supply runs dry we will begin to see the price become temporarily parabolic again.   

My opinion is that we're seeing, for now, consolidation after a (relatively speaking) long bear market. There wasn't an attack on the important $265-66 level, so unless there is a problem with the blockchain / algorithm itself, I think probability is very low to get below these levels.

As some in the German forum remarked, the slight uptrend of the last 2 days was because of a simple TA speculation. We'll see if this uptrend can continue. I see not many chances to go over 320 for the next month as there is no other hype like the Greek "Oxi effect" in sight, but the short- and mid-term trend should be slightly bullish.