Voodah
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July 26, 2013, 12:00:30 PM

We have the standoff between a buying whale and sellers that are willing to dump at 96-97,
I believe mostly people who missed the train on the 19th July (I didn't, sold at 99 the day before).
If the buying whale makes another move today, up to 98 I believe, we'll find out if the sellers
get exhausted or not. If they do, the way to 100 and beyond is open IMO.

Don't be too preoccupied with the idea that only one entity in the world is accumulating bitcoins now, whereas the sellers are many. This is the age when the pros make their moves, and they don't necessarily use the exchanges at all, except for the purpose of price suppression. Bitcoin is quickly redeeming its place among gold and silver.

But there's so much resistance.. What makes you so bullish? Are you thinking we going over 100?