Oh indeed, on the log chart the supporting trend for 2013 is largely straight and one we are slowly settling in on.
People are quick to dismiss the run to 266 as a bubble. Which is was. However the exposure, Bitcoin press, spike in searches, downloads, growth globally, lots of very positive side affects. The old saying that there's no such thing as bad publicity, turned out to be true for Bitcoin. While you can discount the rapid price surge up to 266, a lot of legitimate value was indeed created. Whether that's 5%, %15, 30%, that's up for debate.
Take our growth line, add in a bump for the 266 bubble, landing at $105-$125 sounds about right. Days of sideways action. Where's the panic sellers? Where's the panic buyers? Panic has left the building. The people on the sidelines are praying for a crash so they can jump back in. When a bubble collapses, people flee the market. You have panic selling. We had an epic crash. The idea that people are "slowly" fleeing the market and "slowly" panic selling and that it's just an extended collapse is turning into a bad punchline. The only people left saying that are people trying to get back in at a discount.




