This is a fascinating development. Heres my analysis:
1) People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.
When gox open I expect minor selling followed by a hard buy. Why? Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.
Touch 105 or so then hard up to 140.
thoughts?
TJ
The overriding one is that you're a drooling idiot caught up in bitcoin fever.
Ask yourself this one question...
' Had bitcoin been soaring today would MtGox have suspended trading'?
The answer to that question explains their motivation for doing so, and reveals the reality that to all intents and purposes bitcoin has a central bank, it is a currency manipulator, and it's just been caught with its pants down.