Thoughts on price movement when Mtgox reopens.

[GCInc.]

The dead cat has bounced and already before the opening of MtGox coins are currently going DOWN hard. My guess is Gox will make them hit the floor. Going to visit below long term trendline ($40's?) and then stabilize to a calmer increase after a few weeks -> months.

[farlack]

Gox is signing up thousands of new members daily and they said over 20k the first few days of April.


It will go back up

[italeffect]

Definitely down, because I bet the odds of them reopening when they say will be about 25%. This will only serve to shake confidence more.

Up in the longer term once a floor stabilizes.

[knybe]

seen on flickr...

[uMMcQxCWELNzkt]

seen on flickr...

I think this image is more suitable.

[tosku]

Also keep in min that Mt.Gox won't let even a verified user withdraw more than 100 BTC per 24 hour period. There's a whole lot of BTC stuck in there.