Given the massive influx of people into BTC and the amount of media attention it has received in the last two weeks I predict BTC will hit $200 by April 9th and $300 by April 15th if the current trend continues.
If you look at the massive rise in Google searches for BTC along with the BTC client download increase and the 60,000 new accounts at Mt. Gox last month I believe the upward exponential trend will continue for at least two more weeks. There is a lot of capital right now waiting to flood into BTC.
Right now the wall at $300.00 is 44.88K BTC. So that's 44,880 BTC x $300 = $13,464,000.00
60,000 new accounts last month x $1,000 per new account = $60,000,000.00.
BTC is way under valued!
Small Red Horizontal Lines = Previous flash crash bottoms.
Black Trend Lines = 1 set for upper values, 1 set for flash crash bottom values.
Gray Trend Lines = Attempt at exponential trend line increase.
Green Dot = Price prediction point for $200 and $300.
Historically big price increases tend to occur on Mondays and Tuesdays after deposits clear from the weekend which is why I pick the 9th and 15th.
Please forgive the crudeness of the chart. Bears, what say you? Tell me why it wont happen?
EDIT: 4/8/2013: A a few more hours to go till $200! Right on time! If you feel the urge to donate to my beer fund, here ya go
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EDIT: 4/9/2013In the wee hours of April the 9th in the year of our Lord Darth Tater two thousand thirteen.... $200.000 baby!!!!
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