I think it is worth noting that the "recovery" phase in June 2014 is the most smooth -- with the implicit assumption that this may show the "confidence" of buyers.  In the previous two recovery phases, there's a significant amount of buyer "hesitation" if you will, indicating more anxiety about losing money, and therefore more "choppiness" in the line move up.  However, the larger picture is that the buying pressure has consistently been stronger in all three recovery phases.  I might explain that the obvious lack of "anxiety" in the buyers in this current phase may reflect the stronger position Bitcoin is currently in than ever in the past -- i.e., all of the ever increasingly more positive news regarding the adoption of Bitcoin by ever larger companies, continuing exponential growth of bitcoin wallet numbers, etc. and increasingly more supportive political/governmental environment for Bitcoin in the US.  In other words, ever increasing fundamentals are supporting the price of Bitcoin more so now than ever, with the assumption that this fundamental trend will continue exponentially.  Just my humble opinion.