We need about a month of price stagnation before the next big launch.  This will serve to drive those on expensive margin out of the market.  As margin holders capitulate, this will be the final act of consolidation.

Exactly. I am not suggesting coercion. Why don't  Bitcoin exchanges do this voluntarily?

Gonna have to dump 10 times harder than that to close out my margin 

$377.5 on June 22nd!

Sell your coins now!

Tera calls a similar scenario about 3 times a week. She has to be right at some point.
Of course the one out of ten times she's right confirms for her what a totally awesome trader she is.
She lives in bear fantasy land.

The rise of 2013 was much higher than the rise of 2012.  Some people keep speaking of the obvious "line" on the log chart. However I am having trouble finding this line and in fact I can draw several lines which would allow btc to go much lower than it is now before going up again. I have plotted a couple for reference.



The low volume and the lack of significant bid depth on mtgox that continues to fail to fill in above 125 seems to confirm my suspicion that it isn't ready to go higher at this point. I think this ordeal with the bid depth was an inflection point for this Jul-Aug rally.  

My new view of the market:



I wouldn't be suprised to see flat for an entire year.