I don't see any short term instability coming up, not if the Mt. Gox fiasco wasn't enough to take the price down under $10. It would take something pretty massive for that to happen.

Obviously prices will see sharp jumps and resulting falls when Bitcoin gains large quantities of publicity in a short amount of time--such as a news story or a magazine front page.

yay, i'm excited it's back

I think we are consolidating for a run up that will probably start next week or so.

Google trends has actually seen the second major decrease this last month. The Last one was in may, and there was a price drop/consolidation at the same time. I think the best way to keep an eye on price potential is to watch google trends.

http://www.google.com/trends?q=bitcoin&ctab=0&geo=all&date=ytd&sort=0

Trading in a range from 16.50 - 17.00 doesn't bother me in the least. This is what markets do from time to time. Also, it differentiates it from being a speculative 'bubble' - much to the chagrin of most trolls

I think previous posters are correct, it will either take a news event or a buildup of bids to get things going again. But for now, I'm enjoying the small fluctuations.

It's amazing how stable it has been holding up past few days.

Does any one think it's due to arbitraging top exchanges? When it was only one main exchange it seemed it was 'easy' target for manipulating rates to go up or down and now it is more balanced and more difficult to rock it sideways?

Of course it's lower in trading volume, people may still have concerns about security bridges and are not so inclined to jump back in?

Such non-activity allows me to do other things in life.

However this also cause me to frequently check my phone for latest chart updates, I think there is a strong chance I get even less work done with everything is fine and stable lol