Tzupy
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November 08, 2014, 08:10:01 PM

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Ditto for the May/2014 bubble:  a jump from $450 to $600 was quite dramatic, but a jump from 800$ to 950$ would have been just noise.

Please stop referring to the May 2014 price rise as a "bubble". It is part of the deflation pattern of the November 2013 (mania phase of the) bubble.
IMO there are 2 reasons for the May 2014 uptrend (that I called bull trap): the PBoC stopped feeding bad news to the market, so the market lost some
downward momentum and the linear descending channel broke, which was inevitable at some point, otherwise price would have reached 0$ by now.