Not a trader, have a question.

I'm long-term bullish Bitcoin and have a nice 250 BTC sum purchased recently.  Enough for me, my family, my future family, my cat, and any potential future pets and / or functional or lazy robots alike.

Wondering why so many seem to be expecting a drop in the coming days.  Not familiar with TA and learning a bit.  I understand the triangle and the convergence around the 11th.  What I don't get is why anyone would expect the price to drop, even in the near term leading to the 11th, given the following as I understand them:

-  The recent bullish move to 120+ was news of China getting priced in on spec
-  Those in China interested are slowly entering surely as they go through the traditional banking system to ultimately buy their coins (took me weeks...F U banks, all hail bitcoin)
-  The support levels of late are steadily increasing, and although ofc the resistance line is decreasing the hype is meeting the true value before we enter more hype potentially or nothing at all (ie maybe no crazy bullish movements but certainly no bearish ones if the interest in bitcoin is growing and vested interest in the market is growing)
-  Much of the money that exited during the crash is still in Gox, and likely re-entering as it seems like 100 is a thing of the past or at least it can reasonably look like it to anyone who isnt versed in trading but ready to get back in.
-  Lots of positive news as of late (vested interest growing in both public and private sectors)

Generally, I read so much about the potential exponential growth of BTC value, and sure I'm all for it, let's all be millionaires etc.  What I don't get, and again I'm not a trader so please help me wrap my head around this.  With exponential growth, will come more parabolic movements and thus convergences.  As hype cycles throughout the price, the support and resistance trends will continuously converge, but in a parabolic fashion, correct?  If so, why would we expect the price to ever go near 100 again considering the micro and macro stated above and more?

And on a somewhat separate note, with exponential gains, should come a parabolic exit line as well?  I mean, many aren't in it hoping that bitcoin takes over the world in 10 years.  Fair enough, many will spec, and have their expectations, limits etc.  Maybe some think $500/coin!!!!!! im out!  Perhaps some are waiting until $1000 etc.  My point is as the price increases exponentially, should we not see a parabolic move in the money exiting as price grows as well?  Thus hindering the arc degree the bullish movement and greatly reducing the potential for it to reach the 300k/coin or whatever levels that seem rather absurdly spread throughout the forum anytime soon?

An exception would be some sort of black swan event, where Paypal purchases 1 million coins for reserves, or a government decides to implement operation reserve currency = Bitcoin.  Barring those situations, which likely need to happen anyways for us to hit those types of valuations, and assuming a somewhat steady parabolic long-term move upwards, and given the above, why would we expect it to hit 100?

It could very well hit 100 in the next 2 minutes for all I know, just trying to reason through this to learn more.  This whole bitcoin experience has been very educational and learned a lot from this forum thank you.

P.S.  All hail bitcoin

I'm really surprised this doesn't get mentioned more often, but, there are a lot of people out there now, wealthy people, early adopters and new players alike, that have vested interest and a genuine belief in this technology.  The market is thin enough that these people can help ensure the price and volatility does not reach a level that could cause a level of panic which would create harm to its now escalating adoption.

The U.S. government is attacking this thing with flailing arms, and while it can scratch and do some superficial damage, the mark will be missed.  This time, it really is up to the people.

positive little bitcoin segment on cnbc, positive in that it wasn't negative at least, win I'd say.

Bitcoin is becoming more and more antifragile.  Soon the blockchain will start hacking itself, enforcing regulations against itself, creating altcoin competitors for itself, all to grow stronger!

Interesting, mind linking some sources, books or otherwise of achieving a higher understanding of relevant environmental sustainability science please.  Thanks.

Doesn't this assume all the potential resistance is in the order books arleady?

Record it please.

I like it.

was just thinking about you while reading this - http://bitcoinmagazine.com/7781/satoshis-genius-unexpected-ways-in-which-bitcoin-dodged-some-cryptographic-bullet/

potential nsa employee(s) indeed.

People who have wrapped their head around the reality that bitcoin isn't 'going anywhere' understand political positions are just that, maneuvering.  It is not an open and shut case anywhere, and prohibition simply doesn't work, especially in the midst of a global currency war and on the cusp of fiat-derived market meltdown.  

I don't have a hat, but if it drops below $350 will eat cupcakes (am gluten sensitive)