If this morning's rally holds, I predict 1 BTC = US$85 tomorrow

[jamesc760]

Highly unusual movement in bitcoin price this morning. I had predicted a downward momentum would continue and we should be at around $60; however, the momentum seems to have shifted and now we are at $75 currently.

Is this due to a dead cat bounce? Or, something else at work? Like we REALLY hit the bottom and now we are catching on a long-term upward trend?

Honestly, I was bearish until I woke up this morning and saw a surprising development. Keeping my fingers crossed!!

[ThatDGuy]

Was a bit surprised as well, but after the steady drops last week a bit of a bounce isn't unprecedented.

I was thinking the floor would be somewhere between $50-$60, but it's possible we already found it.