Anyone else wondering when we're gonna break out of this trading range? To the upside? Downside? I'd like to see a pullback to at least 2.5 . . .
My guess - and I stress that this is purely a guess, with no analysis put into it at all - is that it'll be to the downside, but not by much.
My thinking is that we'll see something similar to what happened after the last meteoric rise (to $1.10!) back in January - there'll be a slow, gradual decline over several weeks, while we all adjust to the new price and difficulty climate, then price will start to climb again.
The basis for this theory is (a) magic - it's happened once, it's bound to happen again, right? Right?! (b) luck - I'd really like price to keep climbing. I'm holding BTC and no USD right now. Generally when I'm in this position price falls or stagnates for protracted periods... :-)