The $160 wall got eaten a few hours ago, no one cares, price is idling around $157-$158.
I'm seriously wondering who is buying these days.
With google and paypal looking to get in...
Very small volume. Very tricky moment to buy in (unless you are in it for the long haul, obviously).
Paypal news were great, but the masses only understand one thing: price is going UP UP UP, price broke ATH, etc. When you have those headlines is when everybody jumps on the train.
We had a very recent bubble burst, so I won't be surprised by a mid-term scenario in which prices slowly decline or just stay stable (which in BTC means 50% to 80% swings, big rallyes and subsequent big crashes, but no more parabolic growth)