True, this is a critical point, if we can establish the price above 100, 105ish, the downtrend seems broken and price discovery starts upwards with a rally.
If not however...
unfortunately this piercing of 100 didnt result in an instant rally and seems very whale driven to me. Order book depth is rather thin atm. I guess everybody is waiting for the 105 to break or the collapse of the whale's efforts. RSI on any period between and including 1hr and 12hrs suggest that a break out is not a good idea right now, RSI on the 1d chart being at 57 atm speaks no clear language, but this level is certainly not the best for a trend reversal.

In any way, I hope that we get some clear message from the market soon and I think we have come to a point where it becomes more and more likely by the hour to get this message. The following days should bring a decision.

danke 

I wish i had mtgoxUSD just so i could buy up 100.xx 

Well, artificial or not, we are still at 100, and it's been hangin' around for some considerable time. Maybe it's time for arstechnica, engadget and other blogs to write about it and ROCKET IT TO THE MOON?

Not sure if you're ironically quoting others or being serious, but every way you turn it, 100 has been and continues to be an important psychological barrier, both as support and as resistance.

Touching it like we do now won't magically turn this ship around all by itself, but as far as noteworthy signals go, I consider this a (moderately) positive one. Now let's see how long we stay above.

Just got back to see a big juicy 2.3k sitting on a c-note.

Here we go again?

Trading volume is not important if the price goes in your direction.

Which of the two would make you more happy:
a) earning 5% at big trading volume, or
b) earning 50% at small trading volume?

If you answered b, then you should never worry about what you perceive as ''small volume'' again.


What do you mean by ''price manipulation''? Does MtGox display wrong prices? Are these prices non-execution bogus prices or what?

someone should just buy it up to 10k$/BTC  sure it would drop fast but i bet it would stabilize pretty high and shoot that much higher on next bubble 

do it
time is now